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Article: URUGUAY: MOODY'S REVIEWS TWO BANKS IN URUGUAY FOR DOWNGRADE.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- May 27, 2009
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Moody's Investors Service has placed on review for possible downgrade the local currency deposit ratings of Banco de la Rep?blica Oriental del Uruguay (Rep?blica) and Banco Hipotecario del Uruguay (BHU) in both the global and national scales. "The review of local currency deposit ratings will look at the extent to which the Uruguayan government's ability to support its banking system, should such support be needed, has changed in the midst of the ongoing global economic and credit crisis," says Felipe Carvallo, Moody's Analyst for Uruguayan banks. At present, the local currency deposit ratings of Rep?blica and BHU benefit from four and eight notches of systemic support, ...