NEW YORK (Standard&Poor's) May 2, 2005--Standard&Poor's Ratings Services today issued a commentary that examines the key variables that will determine the Republic of Argentina's economic trajectory—and its credit rating—in the coming years as it exits the default that took place in November 2001. The article, entitled "Argentina: Exiting Once Again From Default," evaluates the prospects for economic growth and fiscal performance in the post-default future by looking both at the country's structural features and at the performance of other sovereigns in the first five years after they emerged from default. "The fiscal challenge facing the government over the coming years will be considerable, despite the recent high primary budget surpluses," said Standard&Poor's credit analyst
