S&P revises Bolivia view to negative

S&P said it revised Bolivia’s outlook to negative from stable but affirmed its B+ long-term foreign and local currency sovereign credit ratings.

“The general government net debt burden is likely to reach 50% of GDP in 2021, from 29% in 2019, and the country's net external position has also become weaker due to persistent current account deficits,” S&P said in a press release.

The outlook reflects at least a one-in-three chance of a downgrade in the next six to 18 months if the sovereign's fiscal or external profile worsens beyond the agency’s base case, S&P said.

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