Seguros Illimani S.A. -- Moody's upgrades 12 Bolivian insurers given improved operating environment

Buenos Aires City, January 30, 2014 -- Moody's Latin America has upgraded the global local currency (GLC) and/or national scale (NS) insurance financial strength (IFS) ratings of 12 Bolivian insurers, following improvement in Bolivia's insurance operating environment, in particular as reflected in Moody's Investors Service's updated sovereign credit factor assessment for Bolivia (see our Government of Bolivia Credit Opinion, published December 6, 2013). The rating agency noted that an improving operating environment tends to have a positive influence on insurers' credit profiles, as it translates into improved business and financial fundamentals for participants in the industry sector.

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