Bolivia Credit Ratings & Outlooks

Country	Moody's	S&P	Fitch	DBRS	Scope Ratings
Bolivia	Caa3 Stable	CCC- Negative	CCC —	NR	NR

Credit Rating History

Country	Date of Change	Rating Agency	Previous Rating	Previous Outlook	Current Rating	Current Outlook
Bolivia	Jan 16, 2026	Fitch	CCC	—	CCC	—
Bolivia	Jun 25, 2025	S&P	CCC+	Negative	CCC-	Negative
Bolivia	Apr 26, 2024	Moody's	Caa1	Negative	Caa3	Stable
Bolivia	Feb 06, 2024	Fitch	B-	Negative	CCC	—
Bolivia	Nov 22, 2023	S&P	B-	Negative	CCC+	Negative
Bolivia	Jun 30, 2023	Moody's	B2	Negative	Caa1	Negative
Bolivia	Apr 19, 2023	S&P	B	Negative Watch	B-	Negative
Bolivia	Mar 15, 2023	S&P	B	Stable	B	Negative Watch
Bolivia	Mar 14, 2023	Fitch	B	Stable	B-	Negative
Bolivia	Dec 06, 2022	S&P	B+	Negative	B	Stable
Bolivia	Sep 30, 2021	Moody's	B2	Stable	B2	Negative
Bolivia	Mar 22, 2021	S&P	B+	Stable	B+	Negative
Bolivia	Sep 30, 2020	Fitch	B+	Negative	B	Stable
Bolivia	Sep 22, 2020	Moody's	B1	Negative	B2	Stable
Bolivia	Apr 17, 2020	S&P	BB-	Negative	B+	Stable
Bolivia	Mar 10, 2020	Moody's	Ba3	Under Review	B1	Negative
Bolivia	Dec 16, 2019	S&P	BB-	Stable	BB-	Negative
Bolivia	Dec 05, 2019	Moody's	Ba3	Stable	Ba3	Under Review
Bolivia	Nov 21, 2019	Fitch	BB-	Negative	B+	Negative
Bolivia	Jun 20, 2019	Fitch	BB-	Stable	BB-	Negative

Table Key

Grade	Moody's	S&P	Fitch	DBRS	Scope Ratings
Prime	Aaa	AAA	AAA	AAA	AAA
High Grade	Aa1	AA+	AA+	AA (high)	AA+
	Aa2	AA	AA	AA	AA
	Aa3	AA-	AA-	AA (low)	AA-
Upper Medium Grade	A1	A+	A+	A (high)	A+
	A2	A	A	A	A
	A3	A-	A-	A (low)	A-
Lower Medium Grade	Baa1	BBB+	BBB+	BBB (high)	BBB+
	Baa2	BBB	BBB	BBB	BBB
	Baa3	BBB-	BBB-	BBB (low)	BBB-
Non-investment Grade Speculative	Ba1	BB+	BB+	BB (high)	BB+
	Ba2	BB	BB	BB	BB
	Ba3	BB-	BB-	BB (low)	BB-
Highly Speculative Grade	B1	B+	B+	B (high)	B+
	B2	B	B	B	B
	B3	B-	B-	B (low)	B-
Substantial Risk Grade	Caa1	CCC+	CCC+	CCC
	Caa2	CCC	CCC	CCC	CCC
	Caa3	CCC-	CCC-	CCC
Extremely Speculative Grade	Ca	CC	CC	CCC	CC
Extremely Speculative Grade			C	CCC	C
In Default with Little Prospect for Recovery		CD	RD	RD
In Default		SD		SD
	C	D	D	D	D
			DD	DD
			DDD	DDD
Not Rated	NR	NR	NR	NR	NR

FAQ

What is Bolivia’s current credit rating?

Bolivia’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Bolivia’s credit risk.

Has Bolivia’s credit rating changed recently?

This page lists the latest rating and outlook actions for Bolivia, showing when each agency last reviewed or changed its assessment.

Why does Bolivia’s credit rating matter to investors?

Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Bolivia's bond yields, currency, and equity flows as investors reassess risk.

How does Bolivia’s rating compare to other countries?

You can explore how Bolivia ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.

What do outlooks like Positive, Stable, and Negative mean?

They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk

What is the difference between investment grade and speculative grade?

Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.