Standard & Poor`s raised Uruguay`s rating to BBB from BBB-; outlook stable
June 5th ,2015. Standard & Poor's Ratings Services raised its long- and short-term foreign and local currency ratings on the Oriental Republic of Uruguay to 'BBB/A-2' from 'BBB-/A-3'. The outlook is stable.
· Uruguay has shown increasing resilience to negative external trends in the region while maintaining economic stability and good access to international financial markets.
· S&P is raising their long- and short-term foreign and local currency ratings on Uruguay to 'BBB/A-2' from 'BBB-/A-3'.
· The stable outlook is based on S&P expectation of continuity in key economic policies and a timely and adequate policy response to potential adverse external developments.