On Aug. 8, 2024, S&P Global Ratings affirmed its 'CCC/C' foreign and local currency sovereign credit ratings on Argentina and kept the outlook stable. Below are answers to questions that we have been receiving recently regarding our sovereign ratings on Argentina. Argentina has progressed in tackling immense economic problems, but it still suffers from many vulnerabilities. Inflation has fallen toward a 4% monthly rate from nearly 26% in December 2023; however, it remains high. The central bank's foreign exchange reserves have risen in the first half of 2024, but from a severe negative position and remain low. The bank has stopped financing the government and transferred its own debt liabilities to the Treasury, stopping growth in the monetary base. The
