"This equity injection, along with an agreement to rollover bank debt with Bancolombia, have allowed the company to greatly reduce its refinancing risk," stated Fitch.
Although Colombia’s regional elections were more peaceful than those held four years ago, they showed that organized crime continues to be a severe threat to electoral proceedings.
Medellín has a larger budget than ever before, but it still isn’t enough as stakeholders continue to question how money is managed in the heavily indebted city.