Thursday, May 30, 2024

Logo Central America Link

Standard & Poor's lowers rating for Colombia

Thursday, February 18, 2016

Credit rating firm Standard & Poor’s has lowered Colombia’s credit-rating outlook from stable to negative, citing the country’s deteriorating growth prospects and need of fiscal reform as reasons.

The foreign-currency rating was affirmed at BBB, two levels above junk, S&P said in a statement.

Source: Colombia Reports