Jan 9 (Reuters) - Global ratings agency S&P Global on Monday raised its long-term local currency sovereign credit ratings on Argentina to 'CCC-/C' from 'SD/SD' and affirmed its foreign currency ratings at 'CCC+/C'.
S&P said it raised Argentina's rating after it deemed the peso-debt exchange conducted last week as "cured", as the new instruments have been delivered to bondholders. (Reporting by Richard Rohan Francis in Bengaluru; Editing by Krishna Chandra Eluri)
