Fitch Raises Colombia

Fitch Raises Colombia

Colombia Corporate & Sovereign Strategy

Fitch has upgraded Colombia to BBB from BBB minus, it says, based on an improvement in external accounts and debt dynamics. “The sovereign’s credible and consistent policies provide it with the capacity to withstand external shocks. This was demonstrated during the recent increase in financial volatility witnessed by several emerging markets,” the agency says. Medium-term growth prospects remain “favorable,” and Colombia became a net sovereign external creditor this year. GDP growth remains belo

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