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Economy & Business - April 2012 (ISSN 1741-7430)
URUGUAY: Investment grade again
Ten years after it was stripped of the coveted title in the midst of an acute economic, financial and banking crisis following Argentina’s massive default, and after years of unprecedentedly high growth and economic stability, Uruguay is sitting proud once again with an investment grade rating, following an upgrade by Standard & Poor’s. The other two main credit rating agencies, Moody’s and Fitch Ratings, are likely to follow suit in the coming months.
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