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BRIEF-Moody's Uruguay's banking system outlook lowered to negative on weak economy
July 29, 2016 / 6:26 PM / a year ago

BRIEF-Moody's Uruguay's banking system outlook lowered to negative on weak economy

July 29 (Reuters) - Moody’s On Uruguay’s banking system

* Weakness in Uruguay’s agricultural sector, soft demand in Argentina and Brazil, decline in private investment have undermined business

* With rising competition,slowdown in loan growth due to deceleration of economy will put downward pressure on profitability of Uruguay’s banks

* moody‘s: Uruguay’s banking system outlook lowered to negative on weak economy

* Weak economy to push up corporate loan delinquencies,rising unemployment to lead to higher delinquency rates for consumers as well Source text for Eikon: (Bengaluru Newsroom: +1 646 223 8780)

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