President Mauricio Macri called on business and union leaders to put aside their differences and back his government's planned economic and social reforms in a keynote speech Monday.
Macri pledged his government would maintain "austerity and order in the public accounts," as well as favour employment, reduce taxes, lower inflation, punish corruption and strengthen the country’s institutions.
"I call on you to achieve basic consensus to draw a roadmap that gives us stability, and deliver a more just and integrated Argentina," he said, addressing an audience of 170 mostly politicians, business executives and union leaders in the capital, at the Kirchner Cultural Centre.
"We are entering a state of permanent ‘reformism,’” he added.
"We expect that higher investment and better predictability in economic policies will sustain moderate but stable economic growth in the next three years," it said.
S&P added that the stable outlook reflected expectations that Macri's government "will have greater political capacity to continue pursuing its economic agendas."
Macri's Cambiemos, or "Let's Change," coalition emerged from midterm elections last week with a strengthened mandate for its reform programme – but still fell short of an overall majority in Congress, where it depends on alliances to pass laws.