DBRS Confirms Uruguay at BBB (low), Stable Trend
May 29th, 2015. DBRS, Inc. has confirmed the Oriental Republic of Uruguay's long-term foreign and local currency issuer ratings at BBB (low). DBRS has also confirmed the short-term foreign and local currency issuer ratings at R-2 (middle). The trend on all ratings is Stable.
The Stable trends reflect DBRS's view that risks to the outlook are broadly balanced. Growing public expenditures and above target inflation are main policy challenges. In addition, the Uruguayan economy remains exposed to regional and global spillovers via the terms of trade, tourism, and financial channels. However, due to ongoing economic diversification from high levels of investment, prudent debt management, and large financial buffers, DBRS believes the credit fundamentals in Uruguay are stable.Descargar: Press Release 29_05_2015 (.pdf 221 KB) Descargar: DBRS Rating Report May 2015 (.pdf 867 KB)