DBRS Confirms Uruguay at BBB (low), Stable Trend
May 26th, 2017. 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.
According to DBRS factors underpinning Uruguay’s ratings include strong public institutions, conservative debt management and ample external buffers. Counterbalancing these strengths are limited fiscal flexibility, above target inflation expectations, and exposure to external developments.