Best borrowers 2007: Best sovereign borrower – Latin America: Republic of Uruguay

Heavily burdened republic picks the right time to clear expensive debt.

Euromoney’s borrower awards 2007

Overall awards
Best sovereign/supranational/agency borrower Best bank borrower
Best insurance borrower Best ABS
Best CDO borrower Best covered bond issuer
Best corporate borrower Best high-yield/leveraged finance borrower
Latin America regional awards
Best sovereign borrower Best corporate borrower
Best financial borrower
Central & Eastern Europe regional awards
Best sovereign borrower Best corporate borrower
Best financial borrower
Asia regional awards
Best sovereign borrower Best corporate borrower
Best financial borrower
Middle East and northern Africa regional awards
Best borrower

In 2002/03, Uruguay was in serious trouble – and ended up taking an enormous loan from the IMF and essentially defaulting on its bonds.

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