S&P lowers Bolivia to negative

S&P said it revised the outlook on the Plurinational State of Bolivia to negative from stable.

The agency also said it affirmed the BB long-term foreign- and local-currency sovereign credit ratings and B short-term foreign- and local-currency ratings.

The transfer and convertibility assessment is unchanged at BB.

The negative outlook reflects a one-in-three likelihood that Bolivia's persistent current account deficits could contribute to macroeconomic imbalances, weakening the country's external profile beyond current expectations, S&P said.

Low export prices for natural gas, along with only modest success in boosting prospects for gas production, are weighing on Bolivia's external position, the agency added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.