Article: URUGUAY: MOODY'S UPGRADES URUGUAY'S BOND RATINGS.

Moody's Investors Service has upgraded the foreign- and local-currency bond ratings of the government of Uruguay to Ba3 from B1 to reflect a steady improvement in the government's overall debt profile. "This improvement has contributed to reduced credit risks stemming from declining debt ratios" said Moody's Vice President-Senior Credit Officer Mauro Leos. "The upgrade reflects reduced vulnerabilities associated with a somewhat lower degree of dollarization in government debt obligations and, at the margin, Uruguay's banking system." Uruguay's foreign-currency country ceiling for bonds and notes was also upgraded to Ba1 from Ba2, and the country's ceiling for ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!