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Economy / Uruguay

Manoeuvring For Investment Grade

September 2010 | Economic Analysis

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BMI View: Fiscal consolidation is already well underway in Uruguay, boosting the country's efforts to regain investment grade status by 2014. With the political will firmly in place and strong macroeconomic fundamentals pointing to a steady fall in external debt as a proportion of GDP, we believe the sovereign is well placed for further upgrades over the medium term.