Makrognosis

Argentina Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:AR

Model score58 / 1009 Nov 2026
Grade equivalentBBBmodel-implied
BandInvestment grade0–100 scale, 100 = strongest
Rank49th of 84economies scored

Makrognosis sovereign credit model scores Argentina at 58 out of 100 as of 9 November 2026, equivalent to BBB on the familiar letter scale — investment grade.

The score is down 2.8 points from 61 on 1 October 2026.

That places Argentina 49th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 78.1% of GDP, a fiscal balance of 0.4% of GDP, a current account balance of −0.07% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Argentina sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 20262030405060Robomacro
Argentina sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202658.3BBB
1 October 202661.1BBB
31 July 202661.1BBB
30 July 202657.6BBB
26 July 202657.4BBB-
21 June 202628.4B
18 June 202642.8BB
Get the Argentina sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/AR"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/AR",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Argentina, from official national and international statistics.

InputValueVintage
GDP per capitaUS$14,8982026
Real GDP growth, 5-year average3.5%2026
Inflation, recent average32.7%2026
Government debt78.1% of GDP2026
Fiscal balance0.4% of GDP2026
Current account balance−0.07% of GDP2026
External debt39.1% of GDP2026
Foreign-exchange reserves4.1 months of imports2026
Net international investment position6.3% of GDP2026
Governance (World Bank WGI composite)−0.06882026

How Argentina compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
44Indonesia9 Nov 202661
45Kuwait9 Nov 202660
46Romania9 Nov 202660
47Hungary9 Nov 202659
48Ghana9 Nov 202659
49Argentina9 Nov 202658
50Panama9 Nov 202658
51Trinidad and Tobago9 Nov 202657
52Bulgaria9 Nov 202657
53Jordan9 Nov 202657
54Guyana9 Nov 202657
55Thailand9 Nov 202657

All 84 economies ranked →

Argentina economic indicators

Argentina GDP (Gross Domestic Product)Argentina Nominal GDP at current prices, annual (INDEC, ARS million)Argentina Nominal GDP at current purchasers' prices, quarterly at annual rate (INDEC Oferta y Demanda Globales, base 2004)Argentina Real GDP at constant 2004 prices, annual (INDEC)Argentina Inflation Rate (CPI)Argentina Core Inflation RateArgentina Unemployment RateArgentina Industrial ProductionArgentina Current account balance, quarterly (INDEC)Argentina Trade Balance: Goods & ServicesArgentina Exports of goods & services (national accounts, real) (INDEC)Argentina Imports of goods & services (national accounts, real) (INDEC)Argentina Total imports CIF (USD MM)Argentina Government Debt to GDPArgentina Consumer confidence index, national (UTDT)Argentina M2 Money Stock

FAQ

What is Argentina's credit rating?
Makrognosis sovereign credit model scores Argentina at 58/100 as of 9 November 2026, equivalent to BBB (investment grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/AR returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.