President Claudia Sheinbaum stated that the 2027 Economic Package will be responsible and guarantee gradual fiscal consolidation. ^[1] Luis Caputo, Argentina's Minister of Economy, stated on 2026-05-08 that the government will meet the targets committed to the International Monetary Fund (IMF). ^[2] Getty Images Holdings Inc., the parent entity, did not make the scheduled payment on its 14% and 9.75% senior unsecured notes as it evaluates balance sheet management initiatives. ^[3] S&P Global Ratings downgraded Getty Images Inc. to CCC from CCC+ and placed all ratings on CreditWatch with negative implications after the company missed an interest payment on its senior unsecured notes on Thursday. ^[4] According to projections from the Ministry of Finance and Public Credit (SHCP), the RFSP will remain at a level of 4.1% amidst pressure from rating agencies. ^[5] At the end of 2024, the fiscal deficit reached a historical level of 5.8% of Gross Domestic Product (GDP), which was attempted to be lowered to 3.9% the previous year. ^[6] Despite large cuts to public spending, support for Petróleos Mexicanos (Pemex) caused the fiscal deficit indicator to remain at a level of 4.8 percent. ^[7] Luis Caputo reported that Argentina's tax revenues are increasing and that improvements recorded over the last two months allow maintaining expectations of meeting targets. ^[8] Luis Caputo stated that officials from the US Treasury and the IMF expressed optimism and have no concerns regarding Argentina's inflation, growth, deficit, or credit arrears. ^[9] Standard and Poor's upgraded the credit rating of Buenos Aires to AAA, the highest rating on the national scale. ^[10] S&P lowered the issue-level ratings on the senior secured debt to CCC+ from B- and the senior unsecured debt to CCC from CCC+. ^[11] The ratings agency said it is uncertain whether Getty Images will make the payment within the permitted 30-day grace period to prevent an event of default under its indenture. ^[12]