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LatinNews Daily - 25 March 2026
In brief: S&P raises Bolivia’s credit rating
*The international credit ratings agency S&P Global Ratings (S&P) has upgraded Bolivia’s foreign and local currency sovereign credit ratings from CCC- to CCC+, with a stable outlook. Bolivia’s short-term foreign and local currency sovereign credit ratings were held at C. S&P noted that President Rodrigo Paz’s government “has taken measures to address economic imbalances, including removing fuel subsidies and getting access to external funding”, with the Paz administration having overcome a long stalemate in congress to secure approval for US$850m in new borrowing. Nevertheless, S&P highlighted Bolivia’s “fragile fiscal, monetary, and external profiles” and predicted that the government would continue running a large fiscal deficit of over 6% of GDP. These weaknesses are compounded by “low foreign exchange reserves, persistent current account deficits, and exchange rate rigidities that limit monetary policy flexibility”. S&P predicted a GDP contraction of 1.3% in 2026 due to lower hydrocarbon production and weak domestic demand.
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