The Japanese agency Rating and Investment Information (R&I) raised the rating of the Uruguayan sovereign debt in foreign currency, from BBB to BBB+, with a stable outlook. In this way, the country achieves the highest credit score, among those granted by R&I, in its history. The announcement was made this Friday 21 in Tokyo, Japan, by the R&I agency.
The statement indicates that Uruguay is a country that stands out in the region for its institutional and political stability. In addition, it points out that the new rating is based on the fact that, at present, there is a greater probability that the reforms promoted by the Government, in several areas, will boost economic growth, while maintaining the stability of the financial system.
