Arab Today, arab today moody\s cuts argentina rating citing reserves fall
Last Updated : GMT 11:22:02
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Arab Today, arab today

Moody\'s cuts Argentina rating, citing reserves fall

Arab Today, arab today

Arab Today, arab today Moody\'s cuts Argentina rating, citing reserves fall

Washington - AFP

Moody's lowered its credit rating for Argentina by one step Monday, citing a sharp fall in the country's reserves and inconsistent economic policies. Moody's cut the rating to Caa1 from B3, putting it in the mid-range of "speculative" or junk bonds, and also lowered its outlook for Argentina to negative from stable -- a warning that it could face another downgrade.

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