Uruguay | Credit Rating

Standard & Poor's credit rating for Uruguay stands at BBB with stable outlook. Moody's credit rating for Uruguay was last set at Baa2 with stable outlook. Fitch's credit rating for Uruguay was last reported at BBB- with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Uruguay thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Uruguay as reported by major credit rating agencies.



AgencyRatingOutlookDate
Moody'sBaa2 Stable Jul 13 2017
S&P BBB Stable May 30 2017
Moody'sBaa2 Negative Jun 22 2016
S&PBBB Negative Jun 06 2016
TE56 Stable Apr 16 2016
S&PBBB Stable Jun 05 2015
DBRSBBB(low) Stable May 30 2014
Moody'sBaa2 Stable May 29 2014
FitchBBB- Stable Mar 07 2013
Moody'sBaa3 Positive Jul 31 2012
FitchBB+ Positive Apr 24 2012
S&PBBB- Stable Apr 03 2012
Moody'sBa1 Positive Jan 26 2012
S&PBB+ Stable Jul 25 2011
FitchBB+ Stable Jul 14 2011
Moody'sBa1 Stable Dec 08 2010
FitchBB Positive Jul 27 2010
Moody'sBa3 Positive Watch Jul 15 2010
FitchBB- Positive Jul 13 2009
Moody'sBa3 Stable Jan 12 2009
Moody'sB1 Positive Watch Aug 14 2008
FitchBB- Stable Jul 27 2007
Moody'sB1 Stable Dec 21 2006
Moody'sB3 Positive Watch Sep 12 2006
FitchB+ Positive May 24 2006
FitchB+ Stable Mar 07 2005
Moody'sB3 Stable Nov 10 2004
FitchB Stable Mar 29 2004
FitchB- Stable Jun 17 2003
FitchDDD N/A May 16 2003
FitchC N/A Apr 10 2003
FitchCCC- Negative Mar 12 2003
FitchB- Negative Jan 07 2003
Moody'sB3 Negative Jul 31 2002
FitchB Negative Jul 30 2002
Moody'sB1 Negative Jul 10 2002
FitchB+ Negative Watch May 28 2002
Moody'sBa2 Negative Watch May 21 2002
Moody'sBa2 Negative May 03 2002
Moody'sBaa3 Negative Watch Apr 04 2002
FitchBB+ Negative Mar 13 2002
Moody'sBaa3 Negative Feb 19 2002
FitchBBB- Negative Jul 23 2001
FitchBBB- Stable Sep 21 2000
Moody'sBaa3 Stable Jun 10 1997
FitchBBB- N/A Jan 23 1997
FitchBB+ Positive Watch Jan 14 1997
FitchBB+ N/A Jan 18 1995
Moody'sBa1 Stable Oct 15 1993

 S&P Moody's Fitch TERating
B+ Stable B1 Stable   35
BBB Stable   BBB Positive 65
B- Stable B1 Negative B Negative 41
B Stable B3 Positive B Stable 15
  B1 Stable B+ Stable 43
BBB+ Positive   BBB- Stable 63
AAA Negative Aaa Stable AAA Stable 97
AA+ Stable Aa1 Negative AA+ Stable 96
BB+ Negative Ba2 Stable BB+ Negative 55
BB+ Stable Baa3 Negative   65
BB- Negative B1 Negative BB+ Negative 60
BB- Stable Ba3 Stable BB- Stable 40
CCC Negative Caa3 Stable   53
B- Stable Caa1 Stable B- Positive 25
AA Stable Aa3 Stable AA- Stable 88
B- Stable B3 Stable   25
N/A N/A   N/A N/A 30
A+ Stable A2 Stable N/A N/A 91
BB Negative Ba3 Stable BB- Stable 38
B Stable B3 Stable   28
A- Negative A2 Stable   73
BB Negative Ba2 Negative BB Negative 34
BB+ Positive Baa2 Stable BBB- Positive 53
B Stable     30
N/A N/A B2 Stable   30
B Stable B2 Stable B Stable 30
AAA Stable Aaa Stable AAA Stable 99
B Stable   B Stable 35
  Aa3 Stable   85
A+ Stable Aa3 Negative A Stable 78
A+ Stable A1 Stable A+ Stable 80
BBB Negative Baa2 Stable BBB Stable 52
B- Negative B3 Stable   25
BB- Negative Ba2 Negative BB Stable 50
BB Positive Ba2 Stable BB Stable 45
  Caa2 Positive   20
BB+ Positive Ba3 Positive BB- Positive 36
AA- Stable A1 Stable A+ Positive 81
AAA Stable Aaa Stable AAA Stable 100
BB- Stable Ba3 Stable BB- Stable 36
B- Stable B3 Stable B Negative 29
B- Stable B3 Stable B Stable 28
SD N/A Caa1 Stable CCC N/A 41
AA- Stable A1 Stable A+ Stable 81
B Stable B1 Stable B Stable 31
AA Stable     99
B+ Stable Ba3 Stable   33
AA+ Stable Aa1 Stable AA+ Stable 96
AA Stable Aa2 Stable AA Stable 90
B Stable B3 Negative B Negative 40
BB- Stable Ba2 Stable BB- Stable 38
AAA Stable Aaa Stable AAA Stable 100
B- Stable B3 Stable B Stable 31
B- Positive Caa2 Positive B- Positive 10
SD Negative    
BB Negative Ba1 Stable BB Stable 49
BB- Stable B1 Stable   33
AA+ Stable Aa2 Stable AA+ Stable 95
BBB- Positive Baa3 Stable BBB- Stable 47
A Stable A3 Stable A- Positive 55
BBB- Stable Baa3 Positive BBB- Stable 48
BBB- Stable Baa3 Positive BBB- Positive 46
B- Stable Caa1 Stable B- Stable 25
A+ Stable A2 Stable A Stable 70
N/A N/A Aa2 Stable   98
A+ Positive A1 Stable A+ Stable 76
BBB- Stable Baa2 Negative BBB Stable 60
  Ba3 Stable B+ Stable 38
B Stable B3 Stable B Stable 24
A+ Stable A1 Stable A Stable 78
BB- Negative B1 Stable   45
BBB- Stable Baa3 Stable BBB Stable 61
B+ Stable B1 Under Review B+ Negative 20
AA Stable Aa2 Stable AA Stable 90
NR N/A B2 Stable   30
A- Positive A3 Stable A- Stable 69
B- Stable B3 Stable B- Stable 31
    B+ Stable 40
AAA Stable     100
A- Positive A3 Stable A- Stable 69
AAA Stable Aaa Stable AAA Stable 100
  Aa3 Stable AA- Stable 88
BB- Stable   BB Negative 48
A- Stable A3 Stable A- Stable 66
  B2 Stable B+ Stable
A- Positive A3 Stable A+ Stable 74
  Baa1 Stable   65
BBB+ Stable A3 Negative BBB+ Stable 60
  B3 Stable   25
B- Stable Caa1 Stable B- Stable 36
B+ Negative B1 Stable   40
BBB- Stable     55
BBB- Stable Ba1 Positive BBB- Stable 54
SD N/A Caa3 Negative CC N/A 30
  Ba1 Negative BBB- Negative 55
AAA Stable Aaa Stable AAA Stable 100
AA Stable Aaa Stable AA Stable 90
B+ Stable B2 Stable B+ Stable 33
B Stable B1 Stable B+ Negative 28
AAA Stable Aaa Stable AAA Stable 99
BB+ Negative Baa2 Negative BBB Negative 78
B Stable B3 Stable B Stable 19
BBB Stable Baa2 Positive BBB Stable 60
B+ Negative B2 Stable   35
BB Stable Ba1 Stable BB Stable 41
BBB+ Positive A3 Stable BBB+ Stable 60
BBB Stable Baa2 Stable BBB- Positive 53
BBB+ Stable A2 Stable A- Stable 67
BBB- Stable Ba1 Positive BB+ Positive 44
D Negative     0
AA- Negative Watch Aa3 Negative AA- Negative 87
CCC+ Stable Caa2 Negative CC N/A 30
BBB- Stable Baa3 Stable BBB- Stable 52
BB+ Positive Ba1 Stable BBB- Positive 43
B Stable B2 Stable B+ Stable 30
    BBB- Stable 65
A- Stable A1 Stable A+ Stable 86
B+ Stable Ba3 Stable   35
BB- Positive Ba3 Stable BB- Stable 36
    BB- Stable 30
AAA Stable Aaa Stable AAA Stable 98
A+ Stable A2 Positive A+ Stable 80
A+ Stable Baa1 Stable A- Stable 61
  B3 Stable   25
BB+ Negative Baa3 Negative BB+ Stable 49
AA Stable Aa2 Stable AA- Stable 84
BBB+ Positive Baa2 Stable BBB+ Positive 62
B+ Negative B1 Negative B+ Stable 38
  B3 Stable   25
B Negative B1 Stable B- Negative 39
AAA Stable Aaa Stable AAA Stable 99
AAA Stable Aaa Stable AAA Stable 100
AA- Stable Aa3 Stable AA- Stable 82
B- Stable B3 Stable  
BBB+ Stable Baa1 Stable BBB+ Stable 63
BBB+ Stable Ba1 Stable   68
BB- Negative B1 Negative B+ Stable 44
BB Negative Ba1 Negative BB+ Stable 44
B Stable B2 Stable B+ Stable 33
B- Stable Caa2 Positive B- Stable 15
AA Stable Aa2 Stable AA Stable 90
AA Negative Aa2 Stable AA Negative 95
AA+ Stable Aaa Stable AAA Stable 97
BBB Stable Baa2 Stable BBB- Stable 56
CCC- Negative CC N/A CCC N/A 5
BB- Stable B1 Positive BB- Positive 29
B Stable B3 Negative B Negative 34


Ratings

The Trading Economics credit rating (TE Rating) scores the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com

TE S&P Moody's Fitch  
100 AAA Aaa AAA Prime
95 AA+ Aa1 AA+ High grade
90 AA Aa2 AA
85 AA- Aa3 AA-
80 A+ A1 A+ Upper medium grade
75 A A2 A
70 A- A3 A-
65 BBB+ Baa1 BBB+ Lower medium grade
60 BBB Baa2 BBB
55 BBB- Baa3 BBB-
50 BB+ Ba1 BB+ Non-investment grade
speculative
45 BB Ba2 BB
40 BB- Ba3 BB-
35 B+ B1 B+ Highly speculative
30 B B2 B
25 B- B3 B-
20 CCC+ Caa1 CCC Substantial risks
15 CCC Caa2 Extremely speculative
10 CCC- Caa3 In default with little
prospect for recovery
  CC Ca
5 C C
0 D / DDD In default
/ DD
D