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The ride-hailing service will begin a trial program of accepting cash payments throughout Colombia, where previously only card-based transactions were permitted.

The move into Colombia is part of Kennedy's larger push into Latin America, and its Bogotá practice will focus on claims, coverage, and corporate law for the insurance world.

The downgrades for Bogotá and Medellín — Colombia's two biggest cities — are the same action Fitch Ratings took against the nation's sovereign rating and state-controlled Ecopetrol in July.