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Colombia faces threat of debt downgrade, whoever wins vote

Thursday, May 24, 2018


With Colombia’s oil revenues flagging and its economy struggling to regain momentum, whoever wins its presidential election faces a challenge to retain the country’s investment grade credit rating, with precious little room for maneuver.

Colombians go to the polls on Sunday in an election pitting right-wing frontrunner Ivan Duque against second-placed Gustavo Petro, a leftist former guerrilla and ex-mayor of Bogota.

Source: Reuters