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Moody’s says Uruguay banking system outlook is stable; strong economic growth and domestic demand

Friday, May 10th 2013 - 07:13 UTC
Full article 17 comments

The outlook the Uruguayan banking system is stable, based on expectations that continued economic growth and favourable labour market conditions will sustain loan growth and banks' profitability, says Moody's Investors Service in the report “Banking System Outlook: Uruguay.” Read full article

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  • rylang23

    Oh, those foolish social democracy countries and their banks. What can you do with them?

    Well.... Moody's gives them high marks.

    Interesting that “weak credit demand” (meaning few Uruguayos are taking on personal debt) is a problem for Moody's. What are those Uruguayos thinking? Borrow, borrow, and borrow some more ..... like people in the US and UK are doing ...... just to eat.

    May 10th, 2013 - 11:13 am - Link - Report abuse 0
  • ChrisR

    Well my biggest investment in Uruguay comes up for rolling over, withdrawal or renegotiate a longer term and higher rate.

    Mmmm.

    What would you do @1?

    May 10th, 2013 - 05:39 pm - Link - Report abuse 0
  • Stevie

    Chris
    Invest in flue gas treatment and eolic power, biofuel and hydrogen development.

    Trust me.

    ;)

    May 10th, 2013 - 07:56 pm - Link - Report abuse 0
  • Ayayay

    @1 you do know that 1 out of four twentysomethings in America own their own home without a mortgage, right?

    May 11th, 2013 - 12:10 am - Link - Report abuse 0
  • ynsere

    When Argentina's economy goes tits up, will it drag Uruguay down again, as in the past? Is the Uruguayan government telling the truth when they say our economy is no longer closely tied to Argentina's?
    BTW, have you heard the rumour about CFK and Fat Max having murdered NK?

    May 11th, 2013 - 03:50 am - Link - Report abuse 0
  • ChrisR

    3 Stevie

    When I was Technical Director of a major gas company in the UK, we manufatured condensing boilers and gas fires among with other gas appliances.

    The flues for these units had to be 'hardened' against the acidic products of combustion when they condensed out / precipitated.

    I do hope you are not relying on stainless steel to take care of this because it doesn’t unless you go for the latest exotic specification which even exceeds the highest class of marine stainless – and that costs an arm and a leg.

    There are also serious problems with installation of these devices in homes: Uruguay does not have the necessary trained technicians to safely install such equipment. I was astonished to learn I could not buy even simple water based central heating components for installation by me. The reason given was they are too complicated for the local plumbers and are not imported!

    BTW wind power is the alchemists’ dream of changing lead into gold. They stood more chance of changing gold into lead, but they did not have the periodic table to help them. Have you computed the whole life cost / output balance of windmills: you WILL be disappointed as long as you use real efficiency figures and not those bandied about by the bunny-huggers and the manufacturers of the wind turbines.

    With regards to hydrogen I am 67 YO and will be long dead before anything of a practical nature reaches Uruguay (see para 4) and I hope to live until I am 80!

    May 11th, 2013 - 01:43 pm - Link - Report abuse 0
  • mastershakejb

    lol 67, damn, practically already dead

    May 13th, 2013 - 05:34 pm - Link - Report abuse 0
  • ChrisR

    7 mastershakejb

    Mmmm. But alive enough to deal with bullies like you.

    Have you discussed this anti-social behaviour you exhibit with your psychiatrist yet? Bet she doubles your meds.

    May 13th, 2013 - 07:03 pm - Link - Report abuse 0
  • rylang23

    ChrisR.... I sugest you let a psychiatrist look at the entire thread of any set of comments on MercoPress, and then have them pick out the socio-paths. Me thinks t'would be interesting.

    May 13th, 2013 - 09:07 pm - Link - Report abuse 0
  • ynsere

    @8 and 9

    LOL

    May 13th, 2013 - 09:25 pm - Link - Report abuse 0
  • mastershakejb1

    lol, almost dead, 67, I pity you, life gone, I'm not even 30 yet, woot, got a full wonderful life still ahead of me. And to think, I already retired to Uruguay before you did, and then realized it was too behind the times and boring and moved on...all before you even began to retire there, and you're far older than me. I've lived more in a fraction of my life than you in your whole life. SAD! hahaha

    May 14th, 2013 - 04:38 am - Link - Report abuse 0
  • Stevie

    mastershake
    You are the sad one to think you invented the World.
    What do you know of other peoples dreams and achievements?
    When you measure them with your varita mágica, do you consider the fact that you have a useless set of morals to begin with?

    May 14th, 2013 - 07:06 am - Link - Report abuse 0
  • mastershakejb1

    I invented the world?
    Doesn't matter how you weigh people's dreams.......the dude is 67, I'm under 30. His life is almost over, I still have most of my life left. That's everything. Any 70 year old would give up any amount of achievements and wealth to be 30 again.

    May 14th, 2013 - 07:15 am - Link - Report abuse 0
  • Stevie

    Not if the deal is to be you...

    May 14th, 2013 - 08:07 am - Link - Report abuse 0
  • mastershakejb1

    lol not if the deal is to have to live in Argentina or Uruguay ;)

    May 14th, 2013 - 11:12 am - Link - Report abuse 0
  • ChrisR

    13 mastershakejb1

    The more you post the more you dig yourself into that big hole that will follow you for what is left of your life. I promise you this: when you mature quite a lot more than the juvenile that you express now, you will cringe at the thought of how many supported me and not you and what an utter idiot you made yourself look. At least I hope you do in order that you can overcome this inferiority complex that you have.

    No-one, including you, knows how long they have left and you most certainly have not seen or achieved what I have achieved in my 67 years so far. I say so far because (and I do not wish this) you could be killed in an accident tomorrow and I could exceed the age that my father died at – his 84th year.

    I sincerely hope for your sake this is the end of it: you have done nothing but upset people, and been beaten by them, for no other reason than your own aggressive, immature, nature. Please let it rest.

    May 14th, 2013 - 05:41 pm - Link - Report abuse 0
  • mastershakejb1

    wow, that's a BIG rage, ChrisR ;) thnx, keep ragin for me on a computer screen

    May 15th, 2013 - 02:00 am - Link - Report abuse 0

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