Thứ Năm, 15 tháng 7, 2010

Moody's places Uruguay on review for possible upgrade as credit profile improves

This is good news for Uruguay. Costs of borrowing go down, investment climate improves, etc. Something for many other countries in the world to emulate....


New York, July 15, 2010 -- Moody's Investors Service has placed the government of Uruguay Ba3 local- and foreign-currency bond ratings on review for possible upgrade. Moody's decision to initiate this review was prompted by (1) evidence that the global crisis has had a limited impact on the country's economic and financial outlooks; (2) a track record of declining government debt ratios which have become aligned with peer group medians; (3) signs that economic policy continuity will be preserved by the incoming Mujica administration; and (4) Uruguay's reduced exposure to
regional shocks....

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