![]() |
|
“Uruguay is being rated in a way that does not respond to the reality of the economic framework and the quality of our policies” |
Fernando Lorenzo, Uruguay’s economy minister, has accused the rating agencies of failing to recognize the increasing strength of his country’s economy and therefore denying it investment-grade status. Speaking exclusively to Euromoney he expressed his frustration at what he sees as the agencies’ overly cautious rating increases. Moody’s rates Uruguay one notch below investment grade, and Standard & Poor’s and Fitch both have the sovereign two notches below.
Thanks for your interest in Euromoney!
To unlock this article: