Uruguay Gets Final High-Grade Mark

Uruguay Gets Final High-Grade Mark

Corporate & Sovereign Strategy Uruguay

Fitch has raised Uruguay’s credit rating to BBB minus from BB+, it says, giving the country three triple-B ratings. Economic resilience, strong GDP growth, and prudent fiscal and public debt management are the key factors. “Uruguay's public debt profile has improved thanks to well-timed liability management operations that have extended maturities, reduced dollarization, and deepened markets for Uruguayan debt,” Fitch says. Specifically, the agency highlights a 45% foreign currency exposure of t

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