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S&P upgrades Uruguay, praises economic policies

NEW YORK, July 25 | Mon Jul 25, 2011 4:26pm EDT

NEW YORK, July 25 (Reuters) - Standard & Poor's on Monday upgraded Uruguay's credit ratings by one notch to BB-plus, only one notch below investment grade, praising years of "prudent and consistent" economic policies in the country.

(Reporting by Walter Brandimarte; Editing by Dan Grebler)

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