Macroeconomy/Finance

Fitch downgraded Bolivia’s rating to B+ with a negative outlook

Global credit rating agency Fitch Ratings has a negative outlook on Bolivia and it expects the economy’s growth to grow by 2.5% in 2019. Fitch downgraded Bolivia’s ratings to ‘B+’ from ‘BB-‘, citing macroeconomic risks, which have been intensified by the recent political and social instability in the country. It added that the current grade is supported by favourable government debt profile but this is counterbalanced by the dependency on commodities, a low GDP per capita and weak private investment.

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Source: El Deber