Timid S&P ignores Moody's and leaves Uruguay' risk rating unchanged

Wednesday, June 4th 2014 - 09:03 UTC

Full article 4 comments

Standard & Poor's (S&P) decided on Tuesday to maintain Uruguay's sovereign debt risk rating unchanged at the lowest investment grade BBB-, because although it has solid growth prospects, predictable policies and a favorable debt profile, the country still has limited fiscal and monetary flexibility and lives in a neighborhood experimenting 'economic stress'. Read full article

Comments

Disclaimer & comment rules

Conqueror
Or, to put it another way, Urineguay's arse is still riveted to argieland. Not much chance of any change. Watch the clear indicators. Remember when Mujica was, accidentally, honest about Kirchner? Then he scuttled off to lick her boots as soon as she said he could. Now Urineguay is resolutely anti-Falklands and anti-British. Who in Urineguay will understand that argieland isn't the only “other country”? Wonder what would happen if Urineguay was really “friends” with the UK? If a certain neighbour started getting “difficult”, might a British submarine surface off Montevideo? Might British destroyers and frigates start making regular “courtesy” port calls? Might RAF Typhoons start exercising over Uruguayan territory? Just wondering.
Jun 04th, 2014 - 12:49 pm - Link - Report abuse 0
-+
4wentways
Could be something to do with all the Towelheads heading there soon.
Jun 04th, 2014 - 01:24 pm - Link - Report abuse 0
-+
ChrisR
Back to reality.

From my perspective of actually LIVING HERE, Moody's are wrong and S&P have got it right.

You only have to look at the fiasco with the previous Finance Minister: a “straight person” claimed “No Money Pepe” whatever that means at the resignation event of “the straight person”.

Now we have Buggerituppa, previously Chairman of the country’s central bank. Just like the previous incumbent but without even a modicum of foresight.

I wish somebody would get them in their foresight!
Jun 04th, 2014 - 09:26 pm - Link - Report abuse 0
-+
DaveVK
The reality is who wants to do business with a country that takes in terrorists, picks and choose what laws it prefers to enforce and does what ever it's much larger bully neighbor Argentina says?
Jun 04th, 2014 - 10:14 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!