Country risk falls again and remains at its lowest level in eight years

The country risk It falls again this Friday due to a new improvement in Argentine bonds. After Thursday’s collapse, the indicator prepared by JP Morgan was reduced to 433 points at the beginning of operations.

In the last two financial rounds, the sovereign risk index fell almost 15% cumulatively: on Wednesday it had closed above 500 units. The improvement in the debt rating made by S&P that day triggered massive purchases of Argentine public securities starting this Thursday.

In this way, the country risk is consolidated at its lowest levels since May 2018. For analysts, a fall of this magnitude could leave the Government closer to the chance of going out to the international market to seek financing.

It is an alternative that, with the index above 500 points, the economic team repeatedly ruled out. For this reason, Luis Caputo worked in recent months on a package to cover debt maturities that run until the end of 2027 through other mechanisms such as loans guaranteed by international organizations.