The long road towards the Investment Grade

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The long road towards the Investment Grade

First week
September 2017

The first sovereign debt ranking in history was made almost 100 years ago. In march 1918, the 1920 sovereign bond of Argentina was ranked with an A by Standard & Poor’s. After the Great Depression of the 30s, Argentina was never again ranked as Investment Grade (IG.) Recovering that status will be neither easy nor immediate.