bolivian The payment of the US$ 500 million sovereign bond issued in 2013 has been finalized, for which reason an increase in the credit rating in the international capital markets is expected, the Government reported on Tuesday.
“Bolivia is making effective today the payment of US$ 188 million”, said the Minister of Economy, Marcelo Montenegro, regarding the payment of the last installment of that debt.
“That was one of the reasons why the risk rating agencies, three, four months ago, have lowered our rating, saying that there is a high risk that Bolivia will not pay its bond 23 service. Now I want to listen to the rating agencies, what do they say?”.
Between March and April the three main risk assessment agencies downgraded Bolivia’s ratings. In March they did Fitch and Moody’s and a month later he did S&Pwhich reduced the long-term sovereign debt rating to “B-”, from “B” due to a deterioration in the country’s external liquidity.
As of June of this year, the country has a level of external indebtedness of 29.2%, “a reasonable levelhe added Montenegro.
The external public debt that Bolivia has with international organizations amounts to US$ 13,327 million, approximately.
Source: Gestion
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