Apple (AAPL) stock has lost about 7% year to date, at the time of writing, Monday afternoon, March 23, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is down about 3.82% in the same period. The stock is lagging behind the S&P 500, which isn’t doing great either, and is ...
Apple (AAPL) stock has lost about 7% year to date, at the time of writing, Monday afternoon, March 23, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is down about 3.82% in the same period. The stock is lagging behind the S&P 500, which isn’t doing great either, and is ...
Bolivia has earned its second credit rating upgrade in a week as the government pushes through economic reforms amid a more constructive political environment. S&P Global Ratings raised the country two notches to CCC+ from CCC- with a stable outlook, it said in a statement , following a Moody’s Ratings upgrade last week on the government’s pledge to meet dollar bond payments. The move brings Boliv...
Bolivia has earned its second credit rating upgrade in a week as the government pushes through economic reforms amid a more constructive political environment. S&P Global Ratings raised the country two notches to CCC+ from CCC- with a stable outlook, it said in a statement , following a Moody’s Ratings upgrade last week on the government’s pledge to meet dollar bond payments. The move brings Bolivia in line with other sub-investment grade peers such as Argentina, Ukraine and Sri Lanka. The upgrades reflected emerging signs of stability after falling reserves and fiscal deficits have eroded investor confidence. The government has taken steps to shore up public finances by scrapping fuel subsidies , securing offshore funding and cutting debt servicing costs through bond swaps, S&P said. “The new administration has overcome the stalemate in congress and obtained approval for external borrowing while moving forward on its reform agenda,” analysts including Victor Santana said in the statement. “The stable outlook balances the reduction in short-term debt service payments with weak external, monetary, and fiscal profiles, limiting the government’s ability to service its debt.”