Uruguay Receives Second High Grade Rating

Uruguay Receives Second High Grade Rating

Economy & Policy Corporate & Sovereign Strategy Uruguay

Uruguay has received its second investment-grade rating, as Moody’s changed its mark to Baa3 from Ba1. “Uruguay's economic fundamentals have strengthened and potential growth has increased underpinned by an upward shift in total factor productivity. As a result, the economy is capable of reporting higher growth rates on a sustained basis, a condition that benefits Uruguay relative to peers,” the agency says. It highlights steady improvement in Uruguay's fiscal metrics, significant strengthening

Already have an account?

Free trial

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

Free Trial