Moody's upgrades Colombia's government bonds

Moody's Investors Service upgraded Colombia's government bond rating one notch to Baa2, citing the country's robust growth rates and potential growth as the nation embarks on a $25 billion infrastructure plan.

The rating is two notches into investment grade and implies moderate credit risk.

Colombia's economy, Moody's noted, grew 4.7 percent last year, compared with 4 percent a year earlier, even as other countries in the region experienced a deceleration.


Source: Wall Street Journal