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Colombia credit risk improved with or without peace

Wednesday, December 5, 2012

Colombia’s narrowing fiscal and current account deficits may improve the country’s credit risk even if it fails to reach a peace deal with Marxist rebels, Fitch Ratings said.

“Even without a lasting peace agreement, the credit fundamentals are improving,” Erich Arispe, Director of Sovereign Ratings at Fitch said.

“We see good prospects for continued fiscal consolidation, sustainable growth, low inflation, and improvement in the external accounts", he added.

Source: Bloomberg