Fitch: Colombian Municipalities and Districts Show Stability Entering 2025

Fitch Ratings has released a report analyzing the credit ratings of Colombian municipalities and districts during 2024, providing insights ahead of the 2025 review cycle. The study encompasses 27 entities, revealing that most ratings remained unchanged throughout 2024, with approximately 90% maintaining a stable outlook. At the end of 2024, about 74% of these ratings were in the ‘AA’ category or higher, and roughly 37% of the entities were rated ‘AAA’.

This report offers a comprehensive overview of the financial stability and creditworthiness of local governments in Colombia, reflecting their resilience amid various economic challenges. The high percentage of entities retaining strong credit ratings suggests effective fiscal management and a stable economic environment at the municipal level.

For a detailed analysis, refer to the full report titled “Municipios y Distritos Colombianos Muestran Estabilidad Entrando a 2025” available on Fitch Ratings’ official website.

Headline Image: Cartagena, Colombia. Photo credit: Makalu from Pixabay.