Economy / Uruguay
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Upgrade Amid Prudent Policies
August 2008 | Risk SummarySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Thanks to prudent macroeconomic management by Uruguay's government, the sovereign has been upgraded by ratings agency Standard & Poor's to BB-, from B+ in July, with a stable outlook. Robust growth, a balanced budget, only moderate current account deficit and a reduction in external liabilities have pushed Uruguay within three notches of investment grade status.