...+ Despite increased pressures on inflation following the deprecation of the peso amid pronounced market volatility, we expect the Macri Administration to implement adjustment measures in the coming six months that stabilize the Argentine economy. + We expect that steps to credibly tighten fiscal and monetary policies, along with a likely agreement with the International Monetary Fund, should help sustain investor confidence and maintain the government's access to capital market funding for its large fiscal deficits. + We are affirming our 'B+' long-term sovereign credit ratings on Argentina and our 'B' short-term ratings. We are also affirming our '##-' transfer and convertibility assessment. + The stable outlook incorporates our expectation that the Macri Administration will implement austerity-based economic measures that soon reverse the recent worsening of inflation dynamics, reduce the fiscal deficit, and stabilize the economy....
