MercoPress. South Atlantic News Agency
Uruguay completes investment-grade ‘triple crown’ from the three big credit rating agencies
Uruguay finally managed on Thursday to achieve investment grade debt rating from the three major agencies when Fitch raised the country’s rating to BBB-minus from BB-plus, citing economic resilience as well as the political and social stability of the country, squeezed between Brazil and Argentina. Read full article
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Disclaimer & comment rulesGood for you, Uruguay, this is the way to go!!!!!!!
Mar 08th, 2013 - 03:06 pm - Link - Report abuse 0Uruguay´s liberal economic approach has paid off, better living standards, better financial conditions, better outlook, better interest rates and better chances at attracting investments and obtaining development loans.
Mar 08th, 2013 - 03:30 pm - Link - Report abuse 0A very good performance IN THE PAST, provided by the previous government by the look of it.
Mar 08th, 2013 - 05:45 pm - Link - Report abuse 0Look at the inflation figure and what it really means: the explosion in the number of government employees, NONE of whom contribute ONE PESOS to the real economy.
We have commercial businesses closing down due to the fiscal drag and the immense dead hand of the government in everything they do.
I have been at the highest levels in a number of big businesses in the UK and I have run my own businesses for the last 20 years and I would NEVER start a business in Uruguay and I LOVE the place, but not the governments’ view that business (and tax payers) can continue to pay for their stupidity.
Look at the fiasco with PLUNA, which I predicted very accurately and I am not in the government. It is not rocket science, you just need a brain and business acumen which NONE of the present government possess.
They even have TWO finance departments, each at the others throat. Well intentioned amateurs does not cover it.
Yeay!
Mar 08th, 2013 - 07:11 pm - Link - Report abuse 0Good news for Uruguay.
Mar 08th, 2013 - 07:14 pm - Link - Report abuse 0Now you just need to get out of Mercosur and negotiate bilateral FTAs will everyone who matters to you.
Well done Uruguay.
Mar 08th, 2013 - 08:50 pm - Link - Report abuse 0Yes, but the government has still not built the number of new homes promised, still well under “neoliberal” president Lacalle's figure.
Mar 10th, 2013 - 03:35 am - Link - Report abuse 0What's the use of a good rating if the poor are getting poorer? And since when is true concern about the poor the province of left-wing blabbermouths?
@7 ynsere
Mar 10th, 2013 - 02:08 pm - Link - Report abuse 0Ah! But they have promised to check every 'poorly built' property and insist the owner / occupier puts it to a minimum standard (not specified) or they will have to demolish it.
That will help the situation no end, NOT.
“Social stability” Murder and robbery at an all time high........
Mar 17th, 2013 - 12:15 pm - Link - Report abuse 0Commenting for this story is now closed.
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