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Article: MOODY'S REVIEWS TWO BANKS IN URUGUAY FOR DOWNGRADE
- Article from:
- Info-Prod Research (Middle East)
- Article date:
- May 27, 2009
CopyrightCopyright 2009 Info-Prod Research (Middle East). Provided by ProQuest LLC. (Hide copyright information)
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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, respectively. The ...