NEW YORK (Standard&Poor's) Sept. 25, 2007--Standard&Poor's Rating Services said today that it affirmed its 'B+' long-term and 'B' short-term sovereign credit ratings on the Republic of Argentina. The outlook on the long-term ratings is stable. According to Standard&Poor's credit analyst Joydeep Mukherji, the ratings balance the recent improvement in the sovereign's debt burden with growing strains caused by loose macroeconomic policies. "Current account and fiscal surpluses, combined with rapid GDP growth in recent years, have strengthened Argentina's financial profile," said Mr. Mukherji. "Net external debt may decline toward 77% of current account receipts (CAR) in 2007 from about 100% last year. Total public sector debt may fall toward 50% of GDP during the course
