Although 76% of deposits in Uruguayan banks are in US dollars, credit rating consultants Moody's have said there was nothing to fear.
Moody's Investors Service, (“Moody's”) has changed the outlook to negative from stable on the Government of Chile and affirmed the A1 long-term local and foreign currency issuer and senior unsecured ratings, and the (P)A1 foreign currency senior unsecured shelf ratings.
Argentina’s US$ 65 billion debt restructuring agreement with bondholders will likely lead to credit upgrades but is far from ensuring the country’s longer-term economic future, rating agencies commented on Thursday.
Moody's downgraded Argentina’s credit rating on Friday, cutting it to Ca from Caa2 in a move that reflects the firm’s expectation that private creditors will incur losses as a result of the government’s efforts to restructure its sovereign debt.
Capital outflows from Brazilian asset markets and the Real's slide to new all-time lows against the U.S. dollar pose little threat to Brazil's sovereign credit profile, ratings agency Moody's said on Monday.
The Brazilian government’s commitment to getting public finances in order and maintaining strict fiscal discipline will lead to the country’s sovereign credit rating being upgraded, Treasury Secretary Mansueto Almeida said on Thursday.
Moody's on Friday downgraded the outlook for Britain's debt, citing mounting policy challenges amid the Brexit debate. The agency cut the outlook to negative from stable but kept the debt at the investment-grade Aa2.
A report issued by the United States Department of State on the investment climate in Uruguay on Monday analyzed the legal, political and economic aspects of the country. On the one hand, it stands the legal security, the free movement of capital, the preferential regimes and the investment grade. On the other, it warns about aspects such as labor relations, the power of unions, the advantage of public companies and the increase of problems in education and security.
Standard & Poor’s on Friday left Italy’s sovereign debt rating unchanged but lowered its outlook to negative from stable, saying that the new government’s policy plans were weighing on the country’s growth and debt prospects.
Moody's has cut Italy's credit rating by a notch over concerns about plans for larger deficits and the high public debt load as the country's populist government clashes with Brussels over its budget. The European Commission formally warned Italy late Thursday that its budget plans for 2019 are a serious concern, launching a high-stakes process that could see Rome hit with unprecedented sanctions for breaking commitments to Brussels.