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The affirmation reflects Fitch's expectations that Medellin will maintain an adequate operating performance and manageable debt levels in spite of the economic impact of the coronavirus pandemic.

According to Fitch Ratings, the Coronavirus COVID-19 Pandemic is causing a contraction in Colombia's economy, and severe fiscal pressure on the government.

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...

Colombia’s Finance Ministry (Minhacienda) head Mauricio Cardenas said Tuesday at Bogotá’s Bloomberg Conference that the government will propose a national budget of “Intelligent Austerity”—belt tightening in public sector spending, and supporting private sector growth into a...

The ratings firm Fitch reaffirmed its opinion on Medellin’s creditworthiness in a release issued today. Edited excerpts follow: According to Fitch, the rating actions are the result of the city’s relevant role in the Colombian economy; sound, albeit declining,...