Fitch upgrades Uruguay’s debt to BB, just below investment grade

Tuesday, July 27th 2010 - 23:51 UTC

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Citing the “increased resilience to external shocks” Fitch upgraded Uruguay to BB from BB-, two levels below investment-grade and in line with Standard & Poor's. Moody's Investors Service rates Uruguay at Ba3, three levels below investment grade. Fitch last increased the country's rating in July 2007, taking it up one level from B+. Read full article

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Think
Not bad for an “old jailbird freedom fighter” and a “communist” government.
Good luck with Cristina today.
Vamos Pepe todavia!
Jul 28th, 2010 - 05:36 am - Link - Report abuse 0
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Liberty
The Uruguayan government statistics are “fixed”, on the economy and else, they’re ambiguous, deceiving. Real Estate business is the major source of capital coming to Uruguay. Land and homes are selling like hot cakes to foreign investors. Prices are relatively low compared to other countries but industrial investment is almost non existent. Uruguay still is a cattle country. Good paying jobs are few and the minimum wage of U$ 400 a month, minus taxes is very low considering the high cost of living. Food is expensive like the US or the UE, electricity outrageous, gas at U$ 1.5 a liter or U$ 6 a gallon.
The clear evidence of very poor economy growth is the constant emigration. The only deterrent is the strict immigration policies of other counties. Uruguayan population is one of the oldest in the world, with minus growth, with a constant of 3.4 million people over several decades.

“A sustained reduction in the government's debt burden”…This statement is a lie, for a fact the national debt has double in the last 5 years. Sorry Fitch you’ve been duped. The government is a step away from default, like Greece among others.
Jul 28th, 2010 - 01:00 pm - Link - Report abuse 0
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harrier61
If Uruguay wasn't having her legitimate trade bled by neo-imperialist colonialist Argentina............
Jul 28th, 2010 - 04:15 pm - Link - Report abuse 0
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Liberty
3 harrier61:
As you can see that brainless “Think” posted his regular brainwashed answer. This guy and the others that think its funny the way that 3er world country; with 38 million morons, make their neighbors’ life pretty miserable. As time goes by I detest that country more each day. Uruguay is a piece of the old block, they follow orders, walk on their knees. Like Mujica is going back today to see Mrs. Botox, like Neville Chamberlain pleased Adolf Hitler.
Jul 28th, 2010 - 04:43 pm - Link - Report abuse 0
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Think
Fitch y Mujica
Hacen a Uruguay
La Nación mas Rica

Uyyyyyy. me salió un versito!
Jul 28th, 2010 - 04:54 pm - Link - Report abuse 0
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Nicholas
Uruguay is indeed a cattle and agriculture produce and export nation (majority in hands of Brazilian corporation)..but what they are doing is better than in Argentina. Why? Simple..they aren't that stupid to look for trouble with their major trade partner Brazil. Thanks to the Brazilian domestic market, they grow faster. Think the clown doesn't even realize that how stupid argies are...LAUGH.
Jul 28th, 2010 - 09:16 pm - Link - Report abuse 0
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