Crisis-Ridden Bolivia Is Suddenly a Surprise Bond Market Play.

Bolivia's dollar bonds have seen a significant increase in value due to positive assessments by KNG Securities and legal challenges faced by former president Evo Morales, reducing the likelihood of his return to power. Analysts believe any potential bond restructuring would likely focus on deferring payments rather than reducing coupon rates or principal amounts. The country's economic challenges, including dollar shortages and declining foreign reserves, have led to credit rating downgrades and ongoing political tensions between Morales and current president Luis Arce. Despite recent gains, experts caution that Bolivia's financial stability remains precarious. [Extracted from the article]