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Headline: Uruguay Source: Euromoney Date: July 2001 Best bank: Banco Comercial Best debt house: JPMorgan Banco Comercial is the largest private-sector bank in Uruguay, with deposits of $1.3 billion, assets of $2 billion and net equity of $169 million. The bank is run as expertly as one might expect, considering that its principal shareholders include CSFB, Dresdner Bank and JPMorgan Chase, and has garnered investment-grade ratings from both Moody’s and Standard & Poor’s. Uruguay has been an active sovereign borrower, with issues denominated in four different currencies over the past year. |
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