S&P raises Argentina's long-term ratings on bond swap
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March 15 (Reuters) - S&P Global raised Argentina's long-term ratings to 'CCC' from 'SD/SD' on Friday, following the results of a local bond swap that cleared over $50 billion in upcoming maturities.
"'CCC' long-term foreign and local currency ratings reflect the government's modestly better liquidity position", the ratings agency said, adding that Argentina's long-term ratings were stable.
(Reporting by Saikeerthi in Bengaluru; Editing by Krishna Chandra Eluri)
