Tag

The decree formalizes limits on rescheduling FBAs amid delays and fiscal pressure, ensuring funds meet PPP obligations under set conditions.

Fitch Ratings' 2024 report on Colombian municipalities shows stability, with 90% maintaining unchanged ratings and 74% rated 'AA' or higher.

Downgrades exceeded upgrades 2-to-1 compared to 4.3x during 1Q24 and 7.1x during 4Q23.

GeoPark's fossil fuel reserves have fallen below seven years, something Fitch says the firm would be unable to “dramatically reverse” within the next 12 months.

Fitch Ratings has assigned Banco GNB Sudameris S.A.'s (GNB) upcoming issue of U.S. dollar-denominated, 11-year Tier 2 notes an expected long-term rating of 'BB-(EXP)'.

"The increase in the stand-alone credit profile is a recognition of the company's stable operating performance," stated Ecopetrol.

Bancoldex's "ratings and outlook should move in, line with any potential change in Colombia's ratings," said Fitch.

Though the bank's liabilities are not explicitly guaranteed by the government, Banagrario maintains a “key role” in developing national agricultural policy.

Proceeds from the bond issuance will be used to fund liability management transactions and for general budgetary purposes.

Though the rating is unchanged from the New York agency’s previous assessment, the status quo represents positive news for a country where economic growth has slowed.