Finance Colombia

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Barranquilla Based Tecnoglass Reports Best Quarter Ever, Record EBITDA

Tecnoglass, Inc. (NASDAQ: TGLS) (BVC:TGLSC), Colombia’s largest manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, has reported that financial results for the second quarter ended June...

Posted On August 19, 2019

, By Loren Moss

sura asset management senior notes moody's grupo sura suramerica

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Moody’s Maintains Sura Asset Management at Baa1

Moody’s Investors Service has completed a periodic review of the ratings of Sura Asset Management, S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody’s reassessed the...

Posted On August 19, 2019

, By Loren Moss

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US Social Security & Medicare Beneficiaries Living in Colombia Can Meet With US Federal Benefits Unit Representatives in Medellín, Cali, Bogotá: Last Week of August 2019

The U.S. Embassy in Bogota has announced that representatives from the Regional Federal Benefits Unit will visit Medellin, Cali and Bogota to offer services for beneficiaries or individuals with questions about U.S. Social Security and other federal benefits. To schedule an...

Posted On August 14, 2019

, By Loren Moss

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FedEx Launches New Miami-Bogotá-Medellín 767 Route, Expands Presence In Colombia WIth New Medellín Facilities

At an event today in Medellín, FedEx Express (FedEx),a subsidiary of FedEx Corp. (NYSE: FDX) and billing itself as the world’s largest express transportation company, announced the launch of a new flight that will operate six times per week between Miami, Bogota, and Medellin....

Posted On August 14, 2019

, By Loren Moss

Buses nuevos de Transmilenio en la planta de carrocera de Pereira

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$131.3 Billion COP Bond Placement Oversubscribed For Renovation of Bogotá’s Transmilenio Bus Fleet

A bond issue was successfully completed last month in the amount of $131,350,000,000 Colombian pesos (Approximately $38.6 million USD) to finance the acquisition of the Transmilenio Phase I and II municipal bus fleet for the city of Bogotá’s 80th Street yard. The transaction was...

Posted On August 13, 2019

, By Loren Moss

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Moody’s Downgrades Lifemiles Loyalty Program To B2

Moody’s Investors Service last week downgraded to B2 from Ba2 LifeMiles Ltd.’s corporate family and senior secured ratings. The outlook has been revised to negative from stable. LifeMiles, Ltd. is a coalition loyalty, program and the sole operator of Avianca...

Posted On August 5, 2019

, By Loren Moss

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Gran Colombia Gold Produces 118,483 Ounces of Gold in H1 2019, Up 12%

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) has announced that it produced a total of 18,882 ounces of gold in June bringing the total for the second quarter of 2019 to 57,882 ounces, up 9% over the second quarter of 2018. For the first half of 2019, the company produced a...

Posted On August 5, 2019

, By Loren Moss

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Fitch Affirms Credivalores’ Long Term Issuer Default Rating at ‘B+’; Revises Outlook to Negative

Fitch Ratings has affirmed Credivalores Crediservicios S.A.S.‘s Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘B+’ and Short-Term Foreign Currency IDR at ‘B’. The Rating Outlook was revised to Negative from Stable. Fitch also affirmed...

Posted On August 5, 2019

, By Loren Moss

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Latin American Oil & Gas Maintains Low Half Cycle Costs Amid Higher Oil Prices, Says Fitch Ratings

According to ratings firm Fitch, Half-cycle costs for Latin American oil and gas companies increased only slightly in 2018 by 3 percent, versus an 11 percent increase the prior year, according to a new report the firm issued. “The 2018 increase was caused by higher lifting...

Posted On July 30, 2019

, By Loren Moss

A new Airbus A320neo operated by Avianca. (Credit: Avianca)

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Avianca Sells 14 Airbus Jets To Fortress Transportation

Avianca Holdings S.A. (NYSE: AVH; BVC: PFAVH; “Avianca”) and Fortress Transportation and Infrastructure Investors LLC (NYSE: FTAI) yesterday announced that, in accordance with Avianca’s fleet plan and the continued implementation of the “Avianca 2021” transformation plan, Avianca...

Posted On July 25, 2019

, By Loren Moss