Sovereign Credit Ratings

Uruguay Credit Ratings

Credit ratings are assigned to sovereigns and businesses by international credit rating agencies. A credit rating measures the relative risk that an entity (Government or company) will fail to meet its financial commitments, such as interest payments and repayment of principal, on a timely basis.

These relative risks are mapped into discrete rating notches that are expressed in terms of alphabetic identifiers. For example, from the most creditworthy to the least, Fitch and S&P use AAA, AA, A, BBB for investment grade long-term credit risk, and BB, B, CCC, CC, C, and D for non-investment grade long-term credit risk. The long-term foreign-currency rating is the most commonly used by investors and analysts. In the following table users can find the updated credit rating for long-term Uruguayan bonds.

 

Agency Long Term Foreign Currency  Long Term Local Currency  Outlook  Last Rating Update 
DBRS  BBB (low) BBB (low)   Stable   May 2017
 Fitch Ratings  BBB- BBB   Stable   April 2017
Moody´s Baa2 Baa2   Stable July 2017
R&I BBB- -   Positive December 2016
S&P BBB A-2   Stable  May 2017

Source: Credit Rating Agencies

Credit Rating Track Record (.xls 106KB)

 

Debt Management Unit

Ministerio de Economía y Finanzas
Colonia 1089 Tercer Piso CP 11100 Montevideo - debtinfo@mef.gub.uy

Última Actualización: 19/09/2017