Fitch Upgrades Bolivia on Macro Stability

Fitch Upgrades Bolivia on Macro Stability

Andean

Fitch has upgraded Bolivia’s rating to B from B minus. The outlook is stable. The upgrade reflects favorable public and external debt ratios and the maintenance of macroeconomic stability in the context of political and social turbulence and an unfavorable external environment, says Fitch. “Bolivia's fiscal policy response to the global economic crisis has taken the form of continued expenditure expansion and higher public investment,” notes the agency in a report. “However, the effectiveness of

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