Macroeconomy/Finance

Moody’s downgrades Bolivia’s ratings to B1, changes outlook to negative

Moody’s Investors Service (“Moody’s”) has downgraded the Government of Bolivia’s local and foreign currency issuer and senior unsecured debt ratings to B1 from Ba3, and changed the outlook to negative, concluding the review for downgrade that was initiated on 5 December 2019. The decision to downgrade Bolivia’s ratings reflects the material erosion of the country’s fiscal and foreign exchange reserve buffers in recent years.

Source: Moody’s