MercoPress, en Español

Montevideo, June 6th 2023 - 22:37 UTC

Tag: Standard & Poor's

  • Thursday, April 27th 2023 - 10:27 UTC

    How well did Uruguay do with S&P's latest ratings?

    Arbeleche said there were four basic reasons for the new grading

    The credit rating agency Standard & Poor's Wednesday upgraded Uruguay BBB+, with a stable outlook, the highest level in the country's history, it was announced. This index reflects the level of risk involved in lending money to governments according to their economic conditions.

  • Friday, March 25th 2022 - 09:45 UTC

    Falkland Islands Government retains their global S&P A+ rating

    Financial Secretary Tim Waggott: “We have worked with S&P to demonstrate the continuing robustness of our economy and ongoing prudence in fiscal policy”.

    The Falkland Islands Government confirmed on Thursday that, following a detailed review of updated fiscal and economic information, supported by a process of confidential interviews with FIG officers and representatives of the business community, S&P Global Ratings have confirmed the sovereign rating for the Falkland Islands remains at A+ with a stable outlook.

  • Friday, December 4th 2020 - 08:56 UTC

    S&P Dow Jones will launch cryptocurrencies indices in 2021

    S&P DJI-branded products will use data from New York-based virtual currency company Lukka on more than 550 of the top traded coins, the companies said.

    S&P Dow Jones Indices, a division of financial data provider S&P Global Inc, said on Thursday that it will launch cryptocurrency indices in 2021, making it the latest major finance company to enter the nascent asset class.

  • Saturday, March 28th 2020 - 08:34 UTC

    S&P downgrades Mexico and oil giant Pemex credit ratings

    The ratings agency cut Mexico’s sovereign rating to BBB from BBB+, and downgraded Pemex’s stand-alone credit profile to ccc+ from b-.

    S&P downgraded Mexico’s credit rating on Thursday as the coronavirus pandemic and a hit to state oil firm Pemex from plunging crude prices battered the growth outlook and piled pressure on the government to lift the struggling economy.

  • Wednesday, January 8th 2020 - 09:49 UTC

    S&P admits a mistake and raised its debt grade for Argentina to CCC

    The credit outlook remains negative which ”reflects the prominent downside risks to timely and full payment of debt per our criteria over the short term amid stressed economic and financial market dyn

    S&P Global Ratings raised its debt grade for Argentina on Tuesday, acknowledging the agency made a mistake when it changed the rating in late December for the crisis hit country.

  • Friday, December 6th 2019 - 08:52 UTC

    Brazilian government optimistic about reforms and the economy's performance forecast

    At least two of the three major ratings agencies, Moody’s, S&P’s and Fitch - will hopefully put Brazil on a positive outlook in the coming months

    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.

  • Saturday, August 31st 2019 - 17:54 UTC

    The “Amazon fires of uncertainty” in Argentina: can they get worse?

    The central bank sold a total US$387 million in reserves in four auctions during the day, aimed at stabilizing the peso

    Argentina’s battered bonds were driven still lower on Friday after a credit rating cut from Standard & Poor’s triggered automatic selling mechanisms at big pension funds. Risk spreads blew out to levels not seen since 2005 while the local peso currency extended its year-to-date slide to 36%, forcing renewed central bank market intervention and intensifying worries about Argentina’s ability to honor its dollar-denominated debt.

  • Friday, August 30th 2019 - 09:58 UTC

    S&P declares that Argentina's extension of maturities implies a “selective default”

    The ratings agency said it would consider Argentina’s long-term foreign and local currency issue ratings as CCC- “vulnerable to nonpayment” - starting on Friday

    Credit risk agency Standard & Poors announced on Thursday that it was slashing Argentina’s long-term credit rating another three notches into the deepest area of junk debt, saying the government’s plan to “unilaterally” extend maturities had triggered a brief default.

  • Saturday, August 3rd 2019 - 07:19 UTC

    S&P retained its 'B' rating for Argentine debt

    Argentina's current economic downturn began with a currency run in April 2018 that led the Macri government to request a loan with the IMF.

    Standard & Poor's (S&P) confirmed it would maintain its 'B' rating for Argentine debt, highlighting that the president Mauricio Macri administration was continuing to meet the goals laid out by the International Monetary Fund (IMF) as part of the huge credit line agreed last year.

  • Tuesday, July 16th 2019 - 10:51 UTC

    US qualifies Uruguay as a safe country to invest but warns about union power

    US embassy in Uruguay argues that ”small and medium-sized industrial enterprises (SMEs) in the United States describe the Uruguayan market as difficult to enter in some sectors of the economy”

    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.