Month

For the second straight year, Interconexión Eléctrica S.A. took top honors in Colombia.

"The slowdown in output and lower external imbalance reflect the adjustment required in the Colombian economy," said the central bank.

"The potential to grow in Colombia is immense," said President Santos.

"This company will be disciplined and margin-focused, not simply production-driven," says Pacific Chairman Gabriel de Alba.

Offers are due by November 9, and a majority share may reportedly be on the table.

Fitch Ratings assigned the company an issuer default ratings of BB-. Moody's handed out its equivalent at Ba3 for the firm's corporate family rating.

Pacific believes the affected common shares will be listed on the Toronto Stock Exchange on November 3

Fitch's assessment of the Bancolombia subsidiary was "driven by the potential support it would receive from its parent if needed."