RIO DE JANEIRO, BRAZIL - A new country is the safest in Latin America from the point of view of country risk: Uruguay, which has displaced Chile in the region thanks to its latest financial policies that partly follow the Chilean example.
Chile's five-year dollar-denominated credit default swap (CDS, a financial instrument that measures default risk) reached 77.57 points on Wednesday in Uruguay, continuing the downward trend it had shown since the beginning of the month (when it was at 106 points), catapulting the country to the first place among the most critical countries in the region . . .
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