Investor Presentaiton
Credit rating actions during 2017 pointed to continued
resilience and improved outlook
Evolution of Uruguay Sovereign Credit Ratings
Credit Rating Updates in 2017
A3/A-/A-
Baa1/BBB+/BBB+
Baa2/BBB/BBB
Investment Grade
Baa3/BBB-/BBB-
Ba1/BB+/BB+
Ba2/BB/BB
Ba3/BB-/BB-
B1/B+/B+
B2/B/B
2006
2007
2008
2009
2010
2011
2012
Moody's
Sources: Moody's, S&P,R&I, DBRS and Fitch
2013
2014
2015
2016
2017
S&P
Fitch
Fitch Ratings
09/2017. Affirmed Uruguay's rating at
"BBB-" with Stable outlook.
MOODY'S
INVESTORS SERVICE
STANDARD & POOR'S
RATINGS SERVICES
MCGRAW HILL FINANCIAL
07/2017. Outlook raised to Stable
from Negative and affirmed "BBB"
rating.
05/2017. Outlook improved to
Stable from Negative and affirmed
"BBB" rating.
DBRS
05/2017. Affirmed Uruguay's rating at
"BBB(Low)" with Stable Outlook.
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