Moody's upgrades Uruguay's rating to Baa3, based on reduced 'vulnerabilities'

Moody's upgrades Uruguay's rating to Baa3, based on reduced 'vulnerabilities'

Moody's Investors Service last Friday announced it had upgraded Uruguay's government bond rating to Baa2 from Baa3, and assigned a stable outlook to the Baa2 rating. The upgrade was driven by the strengthening of Uruguay's sovereign credit profile, as reflected by the convergence of fiscal and debt metric, an overall government debt profile that is currently associated with moderate credit risks, and the country's reduced vulnerabilities to regional and commodity shocks.

http://en.mercopress.com/2014/06/02/moody-s-upgrades-uruguay-s-rating-to-baa3-based-on-reduced-vulnerabilities

Re: Moody's upgrades Uruguay's rating to Baa3, based on reduced 'vulnerabilities'

Timid S&P ignores Moody's and leaves Uruguay' risk rating unchanged

Standard & Poor's (S&P) decided on Tuesday to maintain Uruguay's sovereign debt risk rating unchanged at the lowest investment grade BBB-, because although it has solid growth prospects, predictable policies and a favorable debt profile, the country still has limited fiscal and monetary flexibility and lives in a neighborhood experimenting 'economic stress'.

http://en.mercopress.com/2014/06/04/timid-s-p-ignores-moody-s-and-leaves-uruguay-risk-rating-unchanged