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LatinNews Daily - 17 July 2017
In brief: Uruguay
Uruguay: International credit ratings agency Moody’s Investors Service has confirmed the Uruguayan government’s ‘Baa2’ bond issuer rating and raised the outlook to ‘stable’ from ‘negative’. Moody’s cites as the two key drivers underpinning the change in outlook “The government’s strong commitment to fiscal consolidation as demonstrated in policy measures that are likely to stabilise government debt metrics”; and “an improving macroeconomic performance that will support the ongoing fiscal consolidation process”.
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