Latin America has preserved its resilience against new external challenges in 2026, supporting stability and some positive actions among sovereign ratings, Fitch Ratings says in a review of the region’s sovereigns. In 2026, we upgraded four sovereigns: three highly speculative grade (Argentina, Bolivia and Ecuador) and one investment grade (Aruba). Four remain on Positive Outlook (Aruba, Barbados, Costa Rica and Paraguay), while Dominican Republic’s Positive Outlook was revised to Stable. There are no Negative Outlooks.[....]