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UPDATE: According to Colombia Reports, Chile’s Colbun drops out of bidding for Colombia’s Isagen on Monday, January 11, 2 days before the slated auction After a series of debates in Congress and conflicting positions between Colombian political parties, the Colombian...

CHICAGO—(Business Wire)–Fitch Ratings has affirmed the long-term foreign and local currency Issuer Default Ratings (IDRs) of Millicom International Cellular, S.A. (Millicom) (STO:MIC-SDB) at ‘BB+’ with a Stable Outlook. Fitch has also affirmed Millicom’s...

Mauricio Cardenas Santamaria (pictured above), Minister of Finance and Public Credit in Colombia will be delivering a keynote address at Bonds, Loans & Derivatives Andes conference next month, February 23 & 24.  Speaking for the third consecutive year, the Finance...

Medellín’s newly elected mayor, Federico Gutierrez Zuluaga , upon taking office January first, immediately appointed engineer Jorge Londoño de la Cuesta (above) as the general manager of Empresas Publicas de Medellín (EPM), the multinational utility company directly owned by the...

Empresas Publicas de Medellín (EPM) the City of Medellín-owned multinational utility announced last week the signing of a $1 billion USD loan from a syndicate of banks in a club deal to fund growth plans in 2016, including the Ituango hydroelectric project. Bank of America and...

Fitch Ratings today has announced credit rating actions for Medellín, Colombia. As Colombia’s second largest city and economy, the rating action reflects Medellin’s financial strength, its importance in the national context as well as its manageable debt metrics. Key Rating...

Fitch Ratings-New York-29 October 2015: The weather phenomenon known as El Nino, which causes lower water precipitation in Colombia, is currently putting the country’s electricity regulatory framework to the test, according to Fitch Ratings. A drought that could last until...

Based on statistics available through March of 2015, Colombia’s industrial sector has experienced a negative annualized growth rate through the previous four quarters, led downward by the petroleum sector. This has resulted in decreased tax revenues for municipal and state...

In 1941, the artist Pedro Nel Gómez, followed by the architect Juan Wolff in 1942, floated initiatives to make the Medellin river the center for life and development in Colombia’s second largest city. Nothing much happened until urban planners Carlos Julio Calle and Luis Fernando...

Medellín’s municipal owned utility EPM and the EAFIT university have joined forces, sharing knowledge, innovation and expertise to design and enter a new solar car to compete with the top engineering universities from around the globe in the World Solar Challenge, to be...