October 28th, 2016. The Debt Management Unit has released its Sovereign Debt Report and Macro Update on the Uruguayan economy.

Highlights:

• Announcement of auction sales in November 2016 of Treasury Notes in domestic currency with fixed nominal rate.

• Meeting of the Public Debt Coordination Committee of the Central Bank and Ministry of Finance.

• Fitch Ratings affirmed Uruguay's credit rating at BBB- with Stable Outlook.

• Conversion of foreign currency-denominated multilateral loans into Uruguayan Pesos.

• Uruguay`s 2016 oil price hedging program highlighted among innovative sovereign risk-management strategies by multilateral institutions.

• Uruguay remains atop the Institute of International Finance`s ranking on Sovereign Debt Investor Relations and Data Transparency.

 

Debt Report 10/2016

Uruguay in Focus 10/2016