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'Uruguays Ratings Four Levels Below Investment Grade' News Headlines

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Uruguays Ratings Four Levels Below Investment Grade

News Headlines, Uruguay

rowena105 from UNIVERSAL STUDIOS DOWN SOUTH -

Bloomberg reported today that Uruguay sold $500 million of 20-year, inflation linked peso bonds on the international market.
The bonds were sold by the government to achieve 4.25 percentage points over inflation. However, it doesn't seem that it achieved it's goal as both Moody's Investors Service and Standard & Poor's have put their ratings fourlevels below investment grade even though in September they had raised their ratings.
Uruguay Sells $500 Million of 20-Year CPI-Linked Debt

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* Office N More For the nonspellers: Urugauy and Monte Video is Montevideo (monte-vid-day-o), real estate agents are "Inmobiliaria", and of course Uruguay is not spelled Uraguay. 6719

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