Fitch Upgrades Uruguay

Fitch Upgrades Uruguay

Corporate & Sovereign Strategy

Fitch has upgraded Uruguay's foreign currency sovereign issuer default rating to BB minus (stable) minus from B+. "The rating upgrade reflects Uruguay's lower financing needs and its improving public debt dynamics as a result of higher economic growth, conservative fiscal policies, and deft liability management," says Fitch. "The reduced financing needs of the Uruguayan government due to the full repayment of its IMF obligations and stretching of external bond maturities through liability manage

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial