Saturday, December 9, 2023

Logo Central America Link

Moody's upgrades Colombia's government bonds

Tuesday, July 29, 2014

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