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Bolivia (Plurinational State of) Jun 11
Standard & Poors, June 2011
Abstract
Low fiscal deficits (or surpluses) over the past five years combined with debt forgiveness have led to a steadily declining debt burden regarding GDP and government revenues. Current account surpluses and rising international reserves underpin solid external indicators. The polarized political landscape and high level of social turmoil undermine policy predictability. Nationalizations and government intervention in the private sector--which act as deterrents to private sector investment--continue to weigh on growth prospects, resulting in a relatively low investment-to-GDP level. GDP and public finances' high sensitivity to gas prices and, to a somewhat lesser extent, the mining sector. The ratings on the Plurinational State of Bolivia reflect the improvement in the government's debt burden coupled with the country's strengthened external indicators--one of...
Companies mentioned in this report are: Bolivia (Plurinational State of),Bolivarian Republic of Venezuela,Argentina (Republic of) (Unsolicited Ratings),Paraguay (Republic of),Bangladesh (People's Republic of)
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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