S&P: Bolivia outlook stable

Standard & Poor's said it revised its outlook on the Republic of Bolivia to stable from negative and affirmed its B- long-term and C short-term credit ratings on the sovereign.

"The stable outlook reflects Bolivia's track record of adherence to stable macroeconomic policy and improvement in key economic and vulnerability indicators," S&P credit analyst Lisa Schineller said in an agency rating.

"Political noise is likely to remain high over the coming months as the Constituent Assembly aims to conclude its work, but we expect the policy outlook to remain unchanged. The focus should remain on a greater role of the state in the economy amid macroeconomic policy implementation supportive of economic stability."

Risks to Bolivia's economic outlook include weaker global growth, possible domestic energy shortages next year and the inability to foster higher rates of private investment given political uncertainty and new rules in the hydrocarbon and mining sectors, the agency said.

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