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LTFC |
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Argentina must normalize its relations with creditors in order to bring its LTFC IDR out of Restrictive Default. Caution is therefore warranted in raising the LTFC into the 'BB' range prematurely, but a favorable forward credit trajectory is likely enough to warrant moving the Outlook on that rating to Positive from Stable. LTFC rating affirmed at 'BB-' (BB minus), Outlook Stable |
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