S&P affirms Bolivia

Standard & Poor's said it affirmed its B- long-term sovereign credit ratings on the Republic of Bolivia.

The agency noted that it also affirmed its C short-term sovereign credit ratings on the republic.

The outlook on the long-term ratings remains negative.

Despite the recent improvement in most of the country's indicators, Bolivia's ratings continue to be severely constrained by a weak political situation that is characterized by strong and growing divisions among regional, social and ethnic lines, the agency said.

Increasing political polarization even in the context of good economic indicators highlights the dimension of the challenges ahead, the agency added.

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