Fitch boosts Bolivia

Fitch Ratings said it upgraded Bolivia's foreign- and local-currency issuer default ratings to B+ from B and country ceiling to B+ from B, and affirmed its short-term issuer default rating at B.

The outlook is stable.

The upgrade reflects Bolivia's strengthened fiscal and external balance sheets, the economic authorities' demonstrated ability to preserve macroeconomic stability, as well as a recent track record of timely debt payments, despite a long history of heightened social, regional and political fragmentation, according to the agency.

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