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Urbi Gets Second CCC Mark

Mar 6, 2013

S&P has downgraded Mexican homebuilder Urbi Desarrollos Urbanos (Urbi)’s rating to CCC from B, it says, following a...

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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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