March 11, 2020 |
Moody's cut Bolvia's credit ratings to B1 from Ba3 on Tuesday, citing the "material erosion" of the country's fiscal savings and foreign exchange reserves, reduced prospects for economic growth and political uncertainty, among other reasons.
The rating agency also lowered Bolivia's long-term foreign currency bond ceiling to Ba3 from Ba2, the long-term foreign currency deposit ceiling to B2 from B1 and the local currency bond and deposit ceiling to Ba2 from Ba1. Driven by fiscal deficits, the Bol
Rating agency cites erosion in fiscal savings and foreign exchange reserves as it cuts the country to B1 from Ba3