Construction Crunch

June 2008 | Ratings Update

With the Commonwealth's gubernatorial elections scheduled for November - a none of the four major parties taking a decisive lead - the major political risk going forward is a change in policy direction. This is a worry because a clear and transparent reform agenda is required, in our view, to steer the local economy out of its current malaise. With the actions of a number of high-profile politicians (including the incumbent Governor Aníbal Acevedo Vilá) under scrutiny, a key election issue will be that of

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