Awards for excellence – Uruguay

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.