The monetary authority will award short, medium and long-term monetary regulation letters at the beginning of Tourism Week.
The Central Bank of Uruguay will seek to place 13.4 billion pesos this week.
Photo: Freepik
He Central Bank of Uruguay (BCU) This week, it will place three domestic public debt securities with different maturities, for 13.4 million pesos, in the midst of the beginning of Tourism Week that will begin with two working holidays on Thursday and Friday.
The first bidding of the week will begin this Monday the 25th at 2:00 p.m., the first title in pesos will be bid for 5,000 million pesos (almost 132.55 million dollars) with a term 35 days, with an expiration date of Monday, April 29 of the current year. In that total, 1,000 million pesos (almost 26.51 million dollars) will be non-competitive placements and will have their integration date on the same day.
On Tuesday the 26th at 2:00 p.m., a title in pesos will be awarded for 4.2 billion pesos (a total of 111.34 million dollars) with a term of 91 days, and an expiration date of June 26 of this year. anus. He himself will have the integration date The same day. This tender will have 840 million pesos (22.27 million dollars) of non-competitive placements.
Finally, on Wednesday, March 27, 2 at 2:00 p.m., the last title in pesos of the week will be auctioned, for others 4.2 billion pesos (almost 111.34 million dollars) with a term of 191 days, and an expiration date of October 4 of this year. Of the total, 840 million pesos (almost 22.27 million dollars) will be non-competitive placements. Meanwhile, the integration date will be the same day.
Moody’s improved Uruguay’s credit rating
The rating agency Moody’s Ratings upgraded to Baa1 (equivalent to BBB+) the investment grade rating of Uruguay, by highlighting the development of “structural reforms”, together with the continuous compliance with the frameworks of fiscal and monetary policy.
Moody’s thus improved the long-term issuer ratings and the senior unsecured bonds of the government of Uruguay and changed the outlook from “positive” to “stable.”
Among the arguments to define the improvement, the rating agency highlighted “the solid institutions that support the implementation of structural reforms and the continuous compliance with the fiscal and monetary policy frameworks”, which it praised for aiming “at rates of growth sustained higher than in the past, supported by strong investment”.
At the same time, he highlighted the set of reforms implemented in recent years by noting that they “strengthen the fiscal and monetary policy frameworks.” Looking ahead, Moody’s warned that “a trend of investment stronger will support growth performance, facilitating fiscal consolidation and stabilizing debt of Uruguay in the next years”.
In turn, the agency pointed out that the rating Baa1 “is supported by fiscal reserves and comparatively large external buffers and very strong asset and liability management practices.”
Source: Ambito
