Moody’s Upgrades Uruguay Credit Rating To Baa2

Patrick Archer agribusiness, competitiveness, foreign investment, global rankings, real estate, tourism, uruguay, us companies

Uruguay achieved its highest credit rating in history today when Moody’s Investors Services upgraded its rating for Uruguay government bonds to Baa2 from Baa3 with a stable outlook. According to the official press release, Moody’s based the ratings upgrade on three main drivers: the strengthening of Uruguay’s credit profile with adequate buffers and a lower debt:GDP ratio, declining exposure to …

BASF Chooses Uruguay For New Financial Service Center

Patrick Archer agribusiness, competitiveness, foreign investment, real estate, uruguay

BASF has chosen Uruguay as the destination for a new regional financial services center and plans to be fully operational in Montevideo’s World Trade Center by 2016. After spending a year looking for the perfect location to combine North and South America service centers, BASF (BAS.DE) chose Uruguay for its stability, transparency and skilled workforce. According to the company, “Montevideo was chosen as …

The High Risks & Rewards Of Argentine Bonds

Patrick Archer competitiveness, foreign investment, global rankings

Argentine bonds offer yields up to thirty times greater than bonds in other South American countries. They have to in order to compensate investors for additional risk. Far from the cozy credit confines of AAA ratings, Argentine bonds were the second-best performing investment in the country last year offering double-digit returns with long-term bonds like the Bonar X or the …

US$100 Million Grain Terminal Rising In The Port of Montevideo

Patrick Archer agribusiness, competitiveness, foreign investment, real estate, uruguay

Construction of the largest and most modern grain terminal in Uruguay is underway in the Port of Montevideo, a US$100 million port project that will transform the way local producers export their grains and wood chips to the world. The new grain terminal, which is expected to begin operation in April 2015, will double the Port of Montevideo’s current capacity …

Latin America’s First Airline University Could Land In Punta del Este

Patrick Archer competitiveness, foreign investment, real estate, tourism, uruguay, visionaries

Uruguay is moving forward with plans to build Latin America’s first airline university in Punta del Este. More details emerged this week about the ambitious project which will be sold as a public-private initiative. Rumors of the planned facility surfaced last month when Uruguay representatives flew to Qatar to encourage more Qatari investment in Uruguay. Qatar Airways is expected to initiate …