Investment grade Uruguay

The 3 main credit rating agencies had meetings with various local economic agents and assessed Uruguay over the last 2 months. Standard & Poor’s raised the rating to BBB and Moody’s upgraded the outlook to positive from neutral. Fitch upgraded Uruguay’s debt rating to BBB.

This is the more striking with a neighbor such as Argentina with an inflation over 100% which obviously affects Uruguayan economy negatively. And a direct negative impact on the current economic situation is also felt by the drought and the significant decrease of exports volumeĀ“s of soybeans. All three agencies show confidence in the country’s economic policies and see an encouraging outlook

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