Macroeconomy/Finance

Moodys warns of low-grade scenario for Bolivia

On March 10, Moody’s downgraded the Bolivian government’s foreign and local currency issuer and unsecured debt ratings from B1 to Ba3, and shifted the outlook to negative, toward lower growth seen since 2013. In 2020, the Gross Domestic Product (GDP) projected to decrease by up to -3%. While by 2021, this growth would reach a maximum of 3%. In addition to this, there is the political risk that began to operate last year.

Source: El Deber