Plurinational State of Bolivia Long-Term Ratings Raised One Notch To 'B+'; Outlook Stable May 11

Standard & Poors, May 2011

Abstract
Low fiscal deficits (or surpluses) over the last five years--combined with debt forgiveness--have led to a steady decline in Bolivia's debt burden in relation to GDP and government revenues. In addition, the sovereign's current account surpluses and rising international reserves underpin solid external indicators. As a result, we have raised the foreign- and local-currency sovereign credit ratings on Bolivia to 'B+/B' from 'B/B'. The stable outlook reflects a track record of adherence to prudent macroeconomic policies despite the high level of political turmoil. NEW YORK (Standard & Poor's) May 19, 2011--Standard & Poor's Ratings Services said today that it raised its long-term foreign- and local-currency sovereign credit ratings on the Plurinational State of Bolivia to 'B+' from 'B'. Standard &...

Companies mentioned in this report are:
- Bolivia (Plurinational State of)

Action: Upgraded

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- Bolivia (Plurinational State of)

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