Moody’s confirms Uruguay closer to investment grade rating based on debt management

Monday, March 19th 2012 - 06:57 UTC

Full article 4 comments

Uruguay is likely to be the next Latin American country to win an investment grade rating from Moody's Investors Service, with a review likely late this year, a senior officer from the ratings agency said on Sunday. Read full article

Comments

Disclaimer & comment rules

geo
the word meaning of [ Moody] is depressive person...!!
Mar 19th, 2012 - 10:38 am - Link - Report abuse 0
-+
ManRod
and there is also “standard & poors” (also not very positive sounding).
The third one is “Bitch Ratings”, sorry... “Fitch Ratings” :D

Back to the there, congrats Uruguay... you surely deserve this.
Chile, Peru and Uruguay would be in the club then.
Mar 19th, 2012 - 02:08 pm - Link - Report abuse 0
-+
ChrisR
I have every support for Uruguay but am less impressed with the 'ratings agencies'.

These are the morons who, after years of shouting their own praises, failed utterly to see the crash coming.

They also said similar things to this last year and then failed to carry through with the grading, even though Uruguay had done everything they said was 'necessary'.

Unimpressive.
Mar 19th, 2012 - 03:50 pm - Link - Report abuse 0
-+
GreekYoghurt
You have to give it to the rating agencies. They did turn mis-rating Collateralized Debt Obligations (CBdontbuymeO) into an activity for everyone to get involved it. They allagedly even rated massively toxic assets allegedly as super-invest-in-me grade assets allegely and didn't ever allegedly get arrested for fraud allegedly.

All the above is alleged.
Mar 19th, 2012 - 11:08 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!