Moody’s revises Bolivia to stable

Moody's Investors Service said it changed the outlook on Bolivia’s issuer and senior unsecured bond ratings to stable from negative and affirmed the ratings at Ba3.

Moody’s said the key drivers for the outlook change are: (a) Bolivia's stabilizing fiscal and current account deficits which suggest that the impact of lower hydrocarbon prices on the sovereign's credit profile has been contained; and (b) Moody's expectation that Bolivia's growth, fiscal and external metrics, although weakened, are likely to remain consistent with its Ba3 rating.

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