MSCI downgraded Argentina to Independent Market status

Based on “the prolonged severity of capital controls”, the US company MSCI, which prepares stock market indexes that guide the bets of significant investment funds, will reclassify Argentina to the category of Independent Markets, from Emerging Markets, one step below Frontier Markets, the status to which the country was expected to fall, according to what investors were expecting. The country’s reclassification will take place in November, after three years in the Emerging category.

Source: Ámbito