Standard & Poor’s upgrades credit rating for Uruguay to BBB. This is the second level within the investment grade. After Moody´s S&P is the second rating agency to establish this level. The agency also presents a stable outlook to Uruguayan macro-economy.
It is the first time in Uruguayan history that two credit rating agencies establish this rating level. Moody´s had done this before and reaffirmed this position two weeks ago.