He Country risk Argentinameasured by the investment bank JP Morgan, this was Thursday, December 18th 2025 around 568 basic pointsaccording to information from Rava Exchange. This figure reflects a stabilization of the indicator after breaking the lower limit of 560 units in the previous days and reaching lows not seen since July 2018.
The cumulative decline in the last week is mainly due to the positive response from investors ahead of the announcement by the Central Bank of the Argentine Republic (BCRA) about a new replacement belt scheme which will be adjusted for inflation from 2026 and a strengthened strategy for purchasing foreign exchange.
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How high was the country risk in Argentina listed today?
According to updated information from Rava exchange, The country risk recorded a value of 568 Pointsafter hitting an intraday low of 556 points. The index, which measures the interest rate difference between Argentine government bonds and US government bonds, shows a slight upward correction compared to the previous closing price of 569 units, but remains significantly down compared to the values above 600 points observed at the beginning of the month.
This behavior coincides with a day of relative calm in international markets, with Argentine assets trading cautiously while the local market digested the latest monetary policy announcements.
The development of country risk in the last week
Country risk has seen a downward trend over the past seven days, driven by economic policy milestones. He Friday, December 12ththe indicator closed around 624 basis pointscementing a floor that has remained stable since mid-November after a successful Treasury tender cleared doubts about near-term debt maturity.
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Out of Monday, December 15ththe index began to collapse 5.4% in a single day and placed in the 590 points. This move was triggered by the BCRA statement, which stated that “beginning January 1, 2026, the upper and lower bounds of the exchange rate float band will change each month at the rate consistent with the latest monthly inflation data reported by Indec.”
Towards the middle of the week, the downtrend intensified and caused the indicator to break the mark 560 points The Wednesday December 17th. The index has reached that 555 basis points in the morning, a value not seen in more than seven years, driven by the “BCRA announcement this week,” which acted as a catalyst for the indicator to fall by almost 70 points since last Friday’s close.
What is country risk?
Country risk is an economic index created by the bank JP Morgan Measure the probability that a state will default on its obligations financial (standard). Technically known as the Emerging Markets Bond Index (EMBI), this indicator quantifies the difference between the yield of an emerging market’s dollar bonds and US Treasury bonds, which are considered a “risk-free” investment in the global market.
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Since October 2025, the monitoring methodology for Argentina has changed significantly, when the country was excluded from the EMBI+ index, which provided real-time updates. Currently, Argentina’s debt is integrated into the EMBI Global Diversified (EMBIGD)an index with broader eligibility requirements, but whose price updates are generally made at the end of each day.
The importance of this number is that it defines the cost of financing for the country: the higher the country risk, the higher the interest that Argentina would have to pay for loans in international markets. A level near 500 basis points is being interpreted by analysts as a sign of greater credit confidence, bringing the country closer to being able to return to voluntary debt markets to refinance its obligations.
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