S&P Upgrades Bolivia Rating

S&P Upgrades Bolivia Rating

Andean

S&P has upgraded Bolivia to B from B minus. The outlook is positive. The agency says the move reflects continued sharp improvement in Bolivia’s external indicators because of current account surpluses, rising international reserves, declining external debt, and improved fiscal performance over the last 4 years. “We expect that in 2010, the country’s real GDP growth will rebound to 5% on the back of higher commodity prices. Despite the strong growth performance of the past several years, inve

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