Fitch downgrades Bolivia's credit rating

Fitch downgrades Bolivia's credit rating

The international agency Fitch Ratings Friday downgraded Bolivia's status to 'CCC-' and warned that corrective measures were needed urgently to avoid a deeper slide. In issuing its grades, Fitch took into account the unavailability of foreign currency and the country's poorly designed economic and fiscal policy.

Bolivia downgraded to CCC- by Fitch in a Sri Lanka-like path

ECONOMYNEXT – Fitch Ratings has downgraded Bolivia to CCC- from CCC amid continued money printing, saying not corrective economic measures were being implemented, despite external commercial debt being relatively low. Euro bond debt was low at 4 percent of gross domestic product and had to pay 110 million US dollars on its two bonds. But in 2025, a 333 million tranche is to be paid on a billion dollar 2028 bond which is likely to be a greater ch…

On Friday 24, international qualifier Fitch Ratings lowered the country's rating from CCC to CCC-. [caption id=

The Ministry of Economy and Public Finance questions the criteria of Fitch Ratings, highlighting economic growth and stability achieved in an adverse context. In a statement released this Friday, the Bolivian Ministry of Economy and Public Finance categorically rejected the recent rating given by the agency Fitch Ratings, which degraded the country’s note from “CCC” to “CCC-”. According to the State portfolio, this assessment is based on a “limi…

The Ministry of the Economy and Public Finance disagrees with Fitch Ratings’ assessments and rejects the rating given from “CCC” to “CCC-”, because it performs a limited and reductionist analysis. Focusing the assessment of the Bolivian economy only on the levels of Net International Reserves (RIN) omits the complexity of a dynamic economic system. A country’s economy cannot be adequately valued without comprehensively considering key indicators…

The Ministry of Economy and Public Finance rejected Fitch Ratings' rating to Bolivia from "CCC" to "CCC-" on Friday as it considered that it carried out a "limited and reductionist" analysis.