
Bolivia Raised by Fitch on Lower Risks of Default, Restructuring
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Bolivia's credit rating has been upgraded by Fitch Ratings, reflecting a decrease in the likelihood of default. This improvement is attributed to the new government's successful efforts in securing additional funding and implementing spending cuts. These measures indicate a positive shift in Bolivia's fiscal management and economic outlook.
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Fitch Ratings is one of the major credit rating agencies that assess the creditworthiness of countries. An upgrade in credit rating usually leads to lower borrowing costs and increased investor confidence, which can have positive ripple effects on the economy.
This article is for informational purposes only and should not be considered financial advice.
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