Uruguay's economy viewed more favorably.

Market Latin America | June 1, 2006 | Copyright

A view of Uruguay's economic performance was advanced slightly by Fitch Ratings, the global rating service. Uruguay moved from "stable" to "positive"-meaning that a credit upgrade is possible over the next six months, mostly as a result of "prudent economic policy settings through what could have been a difficult political transition."

In a May 24, 2006 press release, Fitch said that Uruguay was in the midst of an economic recovery-as opposed to a true "expansion," which, presumably, would have earned the country higher marks. Fitch observed that while investment in ...

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