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.
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...
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,...
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.
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...
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...
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...
Fitch Ratings has affirmed Sura Asset Management S.A.’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB+’ with a stable rating outlook. Key Ratings Drivers, IDRs and Senior Debt Medellín, Colombia based Sura Asset Management’s...