Investor Presentaiton
7
In June 2023, Fitch raised Uruguay's credit rating to “BBB”; all five
rating agencies now place Uruguay at least one notch above the
investment grade threshold, for the first time on record.
Uruguay's sovereign credit ratings (1)
(As of July 31th, 2023)
Baa1/BBB+
/BBB (high)
Baa2/BBB
/BBB
Baa3/BBB-
/BBB (low)
Investment
Grade
Latest credit rating actions
Fitch Ratings
MOODY'S
STANDARD & POOR'S
RATINGS SERVICES
MCGRAW HILL FINANCIAL
On June 7, 2023, Fitch raised the long-term
foreign and local currency sovereign credit
ratings on Uruguay to 'BBB' from 'BBB-'. The
outlook is stable.
On May 17, 2023, Moody's Investor Service
affirmed Uruguay's long-term foreign and
local currency sovereign credit ratings at
Baa2 and upgraded the outlook from stable
to positive.
On April 26, 2023, S&P Global Ratings raised
the long-term foreign and local currency
sovereign credit ratings on Uruguay to
'BBB+' from 'BBB'. The outlook is stable.
DBRS
On November22, 2022, DBRS-Morningstar
upgraded Uruguay's Long-Term Foreign and
Local Currency-Issuer Ratings to BBB. The
outlook is stable.
R&I
Outlook:
R&I S&P Moody's DBRS Fitch
(Stable) (Stable) (Positive) (Stable) (Stable)
On October 21, 2022, R&I upgraded the
Foreign Currency Issuer Rating to BBB+.
The outlook is stable.
Source: Moody's, S&P, R&I, DBRS-Morningstar and Fitch. Agency ratings are not a recommendation to buy, sell or hold any security, and they may be revised or withdrawn
at any time by the issuing organization. Each agency's rating should be evaluated independently of any other agency's rating, as each agency has different evaluation criteria.
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