Fitch affirms Bolivia

Fitch Ratings said it affirmed Bolivia's local and foreign currency issuer default ratings at B-.

The outlook is stable.

Fitch said it has also affirmed the short-term issuer default rating at B and the country ceiling at B-, adding that Bolivia's manageable external debt burden following sizeable write-offs under the multilateral debt relief initiative and the country's abundant natural resources support the sovereign's creditworthiness.

At the same time, severe social, regional and political fragmentation as well as widespread poverty and poor social indicators will constrain Bolivia's ratings to the B category for some time, the agency noted.

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