S&P Lifts Colombia

S&P Lifts Colombia

Colombia Corporate & Sovereign Strategy

S&P has lifted Colombia’s rating to BBB from BBB minus, it says. The agency cites positive trends in economic growth, as well as monetary policy and fiscal measures that better insulate it against external shocks, as among the factors in the ratings raise. “The government has taken advantage of recent years of favorable commodity prices to undertake structural changes in fiscal policy, establish a fund to save above-budgeted revenues from the commodities sector, improve its debt profile, and dev

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