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Article: Uruguay's economy viewed more favorably.
- Article from:
- Market Latin America
- Article date:
- June 1, 2006
CopyrightCOPYRIGHT 2006 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A view of Uruguay's economic performance was advanced slightly by Fitch Ratings, the global rating service. Uruguay moved from "stable" to "positive"-meaning that a credit upgrade is possible over the next six months, mostly as a result of "prudent economic policy settings through what could have been a difficult political transition."
In a May 24, 2006 press release, Fitch said that Uruguay was in the midst of an economic recovery-as opposed to a true "expansion," which, presumably, would have earned the country higher marks. Fitch observed that while investment in Uruguay had "accelerated" it was still relatively low raising the possibility that the recovery ...