Bolivia Not Affected by Referendum: Fitch

Ratings on Bolivia will remain unchanged after the referendum last Sunday, according to Casey Reckman, an analyst with Fitch. “The outcome from the referendum doesn’t necessarily resolve anything and doesn’t really change our view, because we already incorporate the general ongoing political instability in our current rating level,” she adds. “On the other hand, an easing of social tensions which results in improved governability, along with continued macroeconomic stability, could benefit Bolivia’s credit fundamentals,” Reckman says. Boosted by his victory at the polls, president Evo Morales announced yesterday that the country is seeking investors for two big gas fields in the country. Fitch currently rates Bolivia B minus, with a stable outlook.