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By Josh Beckerman
NEW YORK (Dow Jones) – S & P Global Ratings lowered its long-term rating for Argentina by one notch compared with B previously. The rating agency views the investment in Argentina as a highly speculative investment. S & P notably discussed the country's debt burden, high inflation and the erosion of its growth curve. The outlook for ratings badysts for Argentina is stable.
S & P expects Argentina's gross domestic product to contract by 2.5% this year and close to 1% next year, before recovering slightly in 2020 Inflation is expected to be around 44% by the end of the year and only gradually decline to 25% in 2019.
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DJG / DJN / sha
(END) Dow Jones Newswires
November 13, 2018 0:35 ET (05:35 GMT)
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