# Argentina risk up 787

Quick Take · News · Published November 2, 2026 · By [Anthony Asuaje](https://walkeranthony.com/about/), Walker Strategies
Canonical URL: https://walkeranthony.com/news/argentina-risk-up-787/

Argentina's country risk rose to 787 basis points, the highest since the 2025 elections, with a 240 basis points increase since September 16, outpacing similar countries. The government contained the official dollar rate through intervention mechanisms. The rise in country risk makes it harder to refinance debt at acceptable rates and increases the need for dollar reserves.

The Argentine country risk increased by 240 basis points since September 16, compared to 70 basis points for a group of countries with similar credit ratings, according to Econviews. The rise was 3.4 times that of the group, which includes Ecuador, Egypt, El Salvador, Ghana, Pakistan, and Sri Lanka.

In October alone, the country risk increased by 140 basis points, six times the regional average, according to Comafi. The bank noted that Argentina shows a high degree of sensitivity that exceeds the international dynamic.

The government is concerned about the international context, with the minister of economy, Luis Caputo, warning about the impact of the US-Iran war, global rate hikes, and the Brazilian election on the Argentine economy. The BCRA identified three risks: a prolonged energy shock, a consequent financial tightening, and a lower global growth.

The situation is further complicated by domestic factors, including the uncertainty surrounding the 2027 elections and the potential for a change in economic policy. The low level of reserves, currently less than half of the desired US$100,000 million, also plays a role in investor distrust.

Source: [lanacion.com.ar](https://www.lanacion.com.ar/economia/el-riesgo-pais-argentino-subio-en-octubre-hasta-seis-veces-lo-que-aumento-en-la-region-y-el-gobierno-nid01112026/)

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