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Fitch Ratings has assigned a ‘BB+’ rating to TermoCandelaria Power Ltd.’s proposed notes reopening of up to $200 million USD under its 7.875% senior unsecured notes due 2029. TermoCandelaria initially issued $410 million in senior unsecured notes in January 2019...

On October 4, 2019, United Airlines, Inc. (NASDAQ: UAL) and Kingsland Holdings Limited delivered to Avianca Holdings S.A. (NYSE: AVH, BVC PFAVH) a commitment to provide Avianca at least a $250 million senior secured convertible loan, expected to close on or before October 15,...

Fitch Ratings has upgraded Colombia Telecomunicaciones S.A. E.S.P.’s (ColTel) Foreign Currency (FC) and Local Currency (LC) Issuer Default Ratings (IDR) to ‘BBB-‘ from ‘BB+’, the 2022 notes to ‘BBB-‘ from ‘BB+’, and the hybrid...

Colombia’s recently released Medium-Term Fiscal Framework (MTFF) utilizes optimistic economic growth assumptions and relies on one-off privatization/asset sales and uncertain administrative measures to boost revenues, says Fitch Ratings. As such, risks to achieving...

The Canadian oil company plans to buy back $250 million USD in previously issued notes, with the remainder going to “general corporate purposes."

Growth will be driven by higher commodities prices, improved household consumption, and a more balanced performance across various sectors.

The prediction is slightly below the 3.0% and 2.9% forecasts from the World Bank and IMF, respectively.

The IMF projection is in line with the 2.9% prediction issued last week by the World Bank.

Looking further ahead, the World Bank has forecast Colombian GDP to increase by 3.4% in both 2019 and 2020.

The notes are being issued to refinance the Medellín utility's $1.0 billion USD syndicated club deal loan due in 2020.