Foreign Currency: B+/Watch Neg/B Local Currency: B+/Watch Neg/B For further details see Ratings List. The Macri Administration's commitment to stabilize the Argentine economy through difficult austerity measures, including its decision to enter into a $50 billion standby agreement with the International Monetary Fund in June of this year, should help sustain investor confidence and maintain the government's access to capital markets for funding its large fiscal deficits. However, recent pressure on the Argentine currency could jeopardize the effective implementation of economic adjustment measures, absent further steps to boost investor confidence. We are placing our 'B+' long-term sovereign credit ratings on Argentina on CreditWatch with negative implications, and we are affirming our 'B' short-term sovereign credit ratings and 'BB-' transfer and
