Moody’s Negative on Isagen

Moody’s Negative on Isagen

Colombia Corporate & Sovereign Strategy

Moody’s has revised the outlook on Isagen’s Baa3 rating to negative from stable, it says. The move is based on the government of Colombia’s decision to sell its 57.7% majority ownership stake in Isagen. "This decision underpins Moody's reassessment about the government’s extraordinary support of the company from ‘medium’ to ‘low’ under the government-related Issuer methodology,” the agency says. For the disposal of the government's shares to become effective, certain legal steps have to be compl

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