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View Full Version : Uruguay's Credit Ratings Returned to Investment Grade by S&P - Bloomberg



NewsWhore
04-03-2012, 06:10 PM
Uruguay's Credit Ratings Returned to Investment Grade by S&P (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFPOKvfL9M56EOlxcTZYnU6eQxfTw&url=http://www.bloomberg.com/news/2012-04-03/uruguay-s-credit-ratings-returned-to-investment-grade-by-s-p-1-.html)
Bloomberg
The country lost its investment grade rating in 2002 after neighboring Argentina defaulted on $95 billion of debt, sparking a run on bank deposits and a currency devaluation in Uruguay. S&P rates Argentina B, five levels below investment grade.

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