Argentina's debt-to-GDP ratio will hit 49% this year and rise to 53% in 2017 thanks to high deficits and the effect of last December's currency devaluation, Moody's says. "The Macri administration has implemented credit positive policy changes, and aims to lower inflation and free the exchange rate," Moody's says. "Still, risks remain high and this is reflected in the country's 'high' susceptibility to event risk. A full return to a more sustainable economic position will likely take years."