MOODY'S - Uruguay's Fiscal Consolidation Measures That Seek 1% of GDP Deficit Reduction Will Be Challenged by Macroeconomic Weakness
Wednesday, June 22, 2016 11:34 PM UTC
- PM - MOODY'S CHANGES OUTLOOK ON URUGUAY'S RATING TO NEGATIVE; AFFIRMS GOVERNMENT BOND RATING AT BAA2
- MOODY'S - URUGUAY'S FISCAL CONSOLIDATION MEASURES THAT SEEK 1% OF GDP DEFICIT REDUCTION WILL BE CHALLENGED BY MACROECONOMIC WEAKNESS
- MOODY'S ON URUGUAY'S NEGATIVE OUTLOOK-DOWNSIDE RISKS STEMMING FROM LARGER-THAN-EXPECTED REGIONAL SPILLOVERS,STRUCTURAL EXPENDITURE RIGIDITIES REMAIN
- URUGUAY'S LONG-TERM LOCAL CURRENCY COUNTRY RISK CEILINGS REMAIN UNCHANGED AT A2