Fitch upgrades Uruguay rating to investment grade

NEW YORK, March 7 Thu Mar 7, 2013 4:17pm EST

NEW YORK, March 7 (Reuters) - Fitch Ratings on Thursday upgraded Uruguay's sovereign rating to investment grade, citing the country's economic resilience and social and political stability.

The outlook is stable, Fitch said in a statement. The agency said it raised Uruguay to BBB-minus from BB-plus.

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