Core Viewpoint - Moody's has maintained Uruguay's sovereign debt rating at Baa1, with a stable outlook, reflecting the country's high per capita income, robust institutional framework, and effective governance capabilities [2]. Group 1 - Moody's decision affirms Uruguay's high per capita income level [2]. - The stable outlook indicates confidence in Uruguay's governance and institutional strength [2]. - The rating applies to both local and foreign currency sovereign debt [2].