Uruguay’s debt rated “positive” and edging on investment grade, says DBRS

Wednesday, February 16th 2011 - 22:39 UTC

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Canadian credit rating agency DBRS maintained Uruguay’s debt at BB (two steps below investment grade) but elevated prospect from stable to positive. The latest release from DBRS means Uruguay in the next 6 to 12 months could advance to one step below investment grade if “current fiscal discipline is sustained and levels of debt continue the descending trend”. Read full article

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Explore-Uruguay
As a Canadian citizen I am happy to see an upgrade from stable to positive. The upgrade by the DBRS reinforces my decision to invest in the wonderful Country of Uruguay.
Feb 17th, 2011 - 02:45 am - Link - Report abuse 0
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