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Tag

//Credit Rating
0

S&P Global Ratings Downgrades Colombia to BB- Amid Fiscal Concerns

S&P Global Ratings lowers Colombia's credit rating to BB- as persistent deficits and policy shifts challenge economic stability in 2026.
Posted On April 8, 2026
, By Loren Moss
Cartagena Colombia - photo credit Loren Moss
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Fitch Keeps Cartagena’s Credit at AA(col) and F1+

Though Cartagena's risk profile has weakened, the city still appears able to service outstanding debt according to covenants.
Posted On September 23, 2024
, By Loren Moss
Ecopetrol Huila colloidal dispersion gels injection plant (CDG) in its Dina Cretaceous field
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S&P Reaffirms Ecopetrol At BB+ After ISA Acquisition

S&P left Ecopetrol's individual standalone credit rating at 'bbb- ' with stable outlook, the company announced last week, after its acquisition of electrical grid operator ISA.
Posted On August 26, 2021
, By Loren Moss
Ivan Duque photo credit César Carrión of the Presidencia de la República
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In Apparent Desperation, Colombian President Ivan Duque Releases English Self-Interview, Whining About Protests & Deflecting Blame

As the video is in English, it appears not directed at Colombians, but at influencing his image in the eyes of foreigners. Under 3 years of Duque’s presidency, Colombia has lost its investment grade currency rating, experienced multiple cases of police abuse, record levels of...
Posted On May 25, 2021
, By Loren Moss
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Colombian Financial Entities Take Ratings Hit After Country Currency Downgraded To Junk

As ratings agency Standard & Poor lowered Colombia's sovereign currency rating from investment grade into junk status, two government development banks and one commercial bank also took the hit. Findeter, FDN & Banco Davivienda al saw credit ratings drop out of investment grade,...
Posted On May 21, 2021
, By Loren Moss
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What Jumps Out: Band-Aid (or, Colombia’s Dire Economic Straits Need A Bit More)

Against the backdrop of the images we have seen, it appears almost churlish to discuss Colombia's investment grade credit rating, however its removal would have more effect on those protesting than most of them could imagine.
Posted On May 11, 2021
, By Rupert Stebbings
ecopetrol colombia fitch ratings bogota juan carlos echeverry
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Fitch Downgrades Ecopetrol, Ocensa, Candelaria; Sura, Emgesa, UNE EPM, Isagen, GEB, TGI Stay Strong

The rating downgrades of Ecopetrol, OCENSA and A.I. Candelaria reflect the direct and indirect linkage of these companies to the Sovereign Rating downgrade of Colombia, which Fitch downgraded to 'BBB-' from 'BBB'. The ratings for Emgesa, Isagen and UNE EPM Telecomunicaciones have...
Posted On April 8, 2020
, By Loren Moss
1

Avianca Downgraded To CCC By Standard & Poor, Credit Watch Negative

S&P Global Ratings has downgraded Avianca's credit rating from “B-” to “‘CCC” while placing the airline on CreditWatch negative.
Posted On March 24, 2020
, 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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Gathering Clouds: Fitch Ratings Just Revised Colombia’s Credit Rating Outlook To Negative From Stable

Fitch Ratings has announced today that it has affirmed Colombia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB’ and revised the Rating Outlook to Negative from Stable. Colombia’s Negative Outlook reflects risks to fiscal consolidation and...
Posted On May 23, 2019
, By Loren Moss
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