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MercoPress, en Español

Montevideo, November 22nd 2024 - 11:44 UTC

Tag: Santiago Mosquera

  • Saturday, November 1st 2014 - 04:28 UTC

    Fitch ratings lowers Argentina Par bonds under foreign law to “D”

    “Economic conditions have deteriorated significantly in 2014, with GDP expected to post a -1.9% contraction this year”, Mosquera, Fitch's Latam Director

    Fitch ratings on the last day of October downgraded Argentina's Par bonds issued under Foreign Law to 'D' from 'C', after the country failed to complete an interest payment, raising the risk that creditors could demand that its cash-strapped government immediately repay all of its debt.

  • Wednesday, April 9th 2014 - 06:30 UTC

    Uruguay significantly stronger but still vulnerable to Argentina, says Fitch

    Argentine FDI flows into Uruguay since 2007 has somewhat replaced the accumulation of deposits in Uruguayan banks

    While Uruguay's current financial position is significantly stronger than in the early 2000s when its economy suffered from the effects of the Argentine crisis, a severe downturn in Argentina could still have an important impact on Uruguay's economy through a variety of transmission channels, according to a new special report published by Fitch Ratings.