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Colombia’s credit rating at risk of underperforming: Fitch

Friday, July 14, 2017


If Colombia’s economy continues to underperform expectations, the BBB investment-grade credit rating that government officials in Bogotá have worked so hard to preserve may be in jeopardy.

In a report issued yesterday, New York-based credit rating agency Fitch Ratings said that “Colombia’s creditworthiness could be pressured” if low growth remains the norm at the same time that high fiscal deficits undermine the government’s push to first stabilize, and eventually reduce, the nation’s debt burden.

Source: Finance Colombia