Moody's may upgrade seven Uruguayan banks

Moody's Investors Service said it placed the Caa1 long-term and Ba2.uy national scale foreign-currency deposit ratings of seven Uruguayan banks on review for possible upgrade: ABN AMRO Bank NV Montevideo Branch, BankBoston NA (Uruguay), Credit Uruguay Banco SA, Lloyds TSB Bank plc (Uruguay), Banco Santander SA (Uruguay), Banco de la República Oriental del Uruguay and Banco Hipotecario del Uruguay.

The agency also placed on review for possible upgrade the Baa2.uy national scale rating for Banco Hipotecario del Uruguay's foreign-currency debt.

The rating actions follow the review for possible upgrade of Uruguay's foreign-currency country ceilings for bonds and notes, foreign-currency ceiling for bank deposits and foreign-currency sovereign bond rating.

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