Feb 12, 2015
Fitch: Challenging 2015 Could Pressure Uruguayan Banks
Fitch: Challenging 2015 Could Pressure Uruguayan Banks
Fitch Ratings has revised its sector outlook for Uruguayan banks to Stable from Positive. Fitch believes the sector’s growth and financial performance will be pressured in 2015 by declining gross domestic product (GDP) growth, possible increases of international interest rates and a further devaluation of the Uruguayan peso.The sector outlook could be revised to negative under a scenario of even…
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