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Bolivia disputes Moody's downgrade

Bolivia disputes Moody's downgrade

March 28, 2023
Finance Minister Marcelo Montenegro says the rating agency did not consider the country's economic stability and punctual debt payments

Credit Ratings Moody's Investors Service Downgrade Revision Economy & Policy Debt Bolivia

Bolivian Finance Minister Marcelo Montenegro disputed a downgrade by Moody's last week, saying the rating agency did not consider the country's economic stability and punctual debt payments in its report. "We reject the report because the rating agency has not considered or taken into account the strengths of the Bolivian economy in the context of global economic instability, where we have seen interest rate hikes in recent months due to high inflation, labor markets that are deteriorating and r

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