Moody's lifts Bolivia

Moody's Investors Service said it has upgraded Bolivia's foreign- and local-currency government bond ratings to B2 from B3.

The outlook is stable.

"The upgrade was prompted by general improvements to Bolivia's main debt metrics and the reduction of the still-high levels of domestic political confrontation," said Gabriel Torres, a Moody's vice president and sovereign analyst for Bolivia.

Moody's noted that it also upgraded Bolivia's country ceiling for foreign currency bonds to B1 from B2 and the country ceiling for bank deposit to B3 from Caa1.

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