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Economy / Argentina

Fortune Favours The Frugal

February 2011 |

BMI View: Latin America's sovereign risk credentials continue to improve overall, boosted by broadly strong growth rates and high commodity prices. However, we caution that the outlook for individual countries in 2011 will be largely dictated by their government's efforts to rein in countercyclical spending, with the frugal in line for ratings upgrades, while the continent's high spenders will remain rooted to the bottom of the regional sovereign risk table.

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