On November 20, 2023, the rating agency maintained the Uruguayan sovereign debt rating in foreign currency at BBB, with stable outlook. The decision is based on DBRS´ view that Uruguay has weathered several recent shocks to the economy relatively well. Uruguay´s predictable macroeconomic policymaking and strong governing institutions counterbalance the country´s moderate levels of productivity, partially dollarized financial system and limited financial depth.
May 24th, 2023. DBRS published comments on the social security reform, pointing out the importance that this law will have on the long-term sustainability of public finances.
On November 22, 2022, the Canadian rating agency upgraded the Uruguayan sovereign debt note in foreign currency to BBB, from BBB (low), that is, raising it to one notch above the minimum investment grade. Since the beginning of this administration in March 2020, Uruguay has obtained the following credit rating upgrades: Fitch (perspective upgrade, December 2021), R&I (rating upgrade, October 2022) and DBRS Morningstar (rating upgrade, November 2022).
March 31st, 2022. Access to DBRS Morningstar´s commentary about the result of the Referendum of the 135 articles of the Urgent Consideration Law and its impact on the prospective Pension Reform.
DBRS Morningstar confirmed the Oriental Republic of Uruguay?s long-term foreign and local currency issuer ratings at BBB (low) and the short-term foreign and local currency issuer ratings at R-2 (middle). The trend on all ratings has been changed to Positive from Stable.
DBRS Morningstar confirmed the Oriental Republic of Uruguay's long-term foreign and local currency issuer ratings at BBB (low) and the short-term foreign and local currency issuer ratings at R-2 (middle). The trend on all ratings is Stable.
DBRS Morningstar released a commentary titled "Uruguay's Budget Sets Course Correction for Public Finances".
DBRS, Inc. confirmed the Oriental Republic of Uruguay's long-term foreign and local currency issuer ratings at BBB (low) and the short-term foreign and local currency issuer ratings at R-2 (middle). The trend on all ratings is Stable.
DBRS, Inc. has confirmed the Oriental Republic of Uruguay's long-term foreign and local currency issuer ratings at BBB (low) and the short-term foreign and local currency issuer ratings at R-2 (middle). The trend on all ratings is Stable.
DBRS, Inc. has confirmed the Oriental Republic of Uruguay?s long-term foreign and local currency issuer ratings at BBB (low) and the short-term foreign and local currency issuer ratings at R-2 (middle). The trend on all ratings is Stable.
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.
DBRS published on 03/30/2016 a commentary on Uruguay's stability despite its unstable neighborhood. The commentary discusses the headwinds to growth in Uruguay due to the weak outlook from its two large neighbors.
DBRS has confirmed the Oriental Republic of Uruguay's long-term foreign and localcurrency issuer ratings at BBB (low). DBRS has also confirmed the short-term foreign and localcurrency issuer ratings at R-2 (middle). The trend on all ratings is Stable.
DBRS, Inc. (DBRS) 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.
DBRS, Inc. (DBRS) has upgraded the Oriental Republic of Uruguay's long-term foreign and local currency issuer ratings to BBB (low) from BB (high). In addition, the short-term foreign and local currency issuer ratings were upgraded to R-2 (middle) from R-3. The trend on all ratings has been revised to stable.
DBRS has upgraded the Oriental Republic of Uruguay's long-term foreign and local currency issuer ratings to BBB (low) from BB (high). In addition, the short-term foreign and local currency issuer ratings were upgraded to R-2 (middle) from R-3. The trend on all ratings has been revised to stable.
DBRS, Inc. (DBRS) has upgraded the ratings on the long-term foreign and local currency debt of the Oriental Republic of Uruguay to BB (high) from BB, and maintained the Positive trends on both ratings.
DBRS has upgraded the ratings on the long-term foreign and local currency debt of the Oriental Republic of Uruguay to BB (high) from BB, and maintained the Positive trends on both ratings.
DBRS has confirmed the ratings on the O riental Republic of Uruguay's long- term foreignand local currency debt at BB and changed the trend to Positive from Stable.
DBRS has upgraded the long-term foreign and local currency ratings of the Oriental Republic of Uruguay to BB from BB (low). DBRS assigned a Positive trend on September 21, 2009; the trend on both ratings is now Stable.