Argentina Debt Deal Leaves Long-Term Challenges To Be Addressed

• Fitch Solutions expects a renegotiation of Argentina's external debt obligations will provide near-term fiscal relief and lessen a major source of uncertainty.
• However, it still faces the challenge of developing a credible macroeconomic plan in order to secure more assistance from the IMF and regain some level of affordable market access.
• Moreover, Argentina's re-profiled debt could create a daunting challenge for future administrations that risks exacerbating its long-term financial struggles.

(Source: Fitch Solutions)