Moody’s Negative on Bolivia Banks

Moody’s Negative on Bolivia Banks

Andean

Moody’s says that even though Bolivia’s banking system is stronger than it was 10 years ago, it may still feel the sting of the global slowdown, which could undermine fundamentals in the medium term. “We expect bank profits will shrink because of Bolivia's weakened export prices and declining business volumes; interest rate margins will also be squeezed as the competition to attract customer deposits increases,” Moody’s VP Maria Andrea Manavella says. She expects the ratings of the banks to rema

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