Source - SMW
Fitch Ratings has affirmed Uruguay's long-term foreign and local currency issuer default ratings at 'BBB-' with a stable outlook. 

The issue ratings on Uruguay's senior unsecured foreign and local currency bonds have also been affirmed at 'BBB-'. The country ceiling has been affirmed at 'BBB+' and the short-term foreign and local currency IDRs at 'F3'.