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Uruguay Receives Second High Grade Rating

Aug 1, 2012

Uruguay has received its second investment-grade rating, as Moody’s changed its mark to Baa3 from Ba1. “Uruguay's economic fundamentals have strengthened and potential growth has...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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