Skip to content
Subscriber Only

Fitch Upgrades Uruguay’s Ratings, Outlook Revised to Stable

Uruguay had its foreign currency issuer default rating raised to BB+ from BB by Fitch Ratings, which cited improved external and fiscal solvency ratios. The rating outlook was revised to stable from positive.

The local currency issuer default rating was raised to BBB-from BB+ and the country ceiling was upgraded to BBB from BBB-, Fitch said. Uruguay’s foreign currency short-term issuer default rating was affirmed at B.