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Moody's lifts Bolivian companies to stable
Moody's Investors Service said it changed the outlook to stable and affirmed the current ratings on its rated infrastructure companies operating in Bolivia.
The outlook change for the affected companies follows the recent revision of Bolivian government's Ba3 issuer rating outlook to stable from negative, the agency said.
The revisions reflect the exposure and linkages that these companies have to the Bolivian government credit quality, Moody's said.
The stable outlook also considers that the affected companies are regulated concessions, subject to regulated tariffs and local economic conditions, the agency noted.
One of the companies affected is YPFB Transierra SA. The company's corporate family rating of Ba3 and senior unsecured regular bond ratings of Ba3 were affirmed.
The outlook on YPFB Transierra was changed to stable from negative, Moody's said.
Distribuidora de Electricidad La Paz SA (Delapaz)'s corporate family rating and senior unsecured regular bond rating was affirmed at Ba3.
The outlook on Delapaz also was changed to stable from negative.
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