Thursday, August 22, 2019

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Fitch downgrades Colombia

Friday, May 24, 2019


Fitch Ratings has announced hat it has affirmed Colombia’s Long-Term Foreign-Currency Issuer Default Rating at "BBB" and revised the Rating Outlook to Negative from Stable.

Colombia’s Negative Outlook reflects risks to fiscal consolidation and the trajectory of government debt, the weakening of fiscal policy credibility, and increasing risk from external imbalances, Finance Colombia reports.