Market takes Colombia's second downgrade in stride

Market takes Colombia's second downgrade in stride

Credit Ratings Fitch Ratings Bonds Debt Fixed Income Colombia

The bond market reacted with little surprise after Fitch Ratings cut Colombia to junk status, even though the country has fallen from investment-grade indexes, analysts told LatinFinance on Friday. Fitch downgraded Colombia by one notch to BB+ from BBB- on Thursday, following the lead from S&P Global Ratings six weeks earlier. Fitch said the downgrade reflected "the deterioration of the public finances with large fiscal deficits in 2020-2022, rising government debt level, and reduced confide

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