Finance Colombia

Moody’s Changes Colombia Sovereign Outlook To Negative From Stable

The outlook change to negative reflects risks that the economic and fiscal effects of the coronavirus shock, which Moody's identifies as a social risk under its ESG framework, may leave a lasting impact on Colombia's fiscal strength and its overall credit profile.

Posted OnDecember 8, 2020

, ByLoren Moss

Colombia's Tatacoa Desert image by Makalu from Pixabay

Fitch: Real GDP Will Fall 4.5% in Colombia & 3.9% In Chile; Countries Will Struggle To Recover

Further reductions to our growth forecasts for Chile (A/Negative) and Colombia (BBB-/Negative) due to the coronavirus pandemic will mean faster increases in budget deficits and public debt this year, Fitch Ratings says. The ability to develop credible medium-term plans to reverse...

Posted OnMay 25, 2020

, ByLoren Moss

Colombia’s New Deficit Target Reveals Shock Caused By Coronavirus: Fitch Ratings

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

Posted OnApril 22, 2020

, ByLoren Moss

Coronavirus A Threat To Colombia, Latam Economies, Even Without Infections Says Fitch

Sovereign and corporate issuers in Latin America will be adversely affected by slower Chinese demand and commodity price weakness caused by coronavirus due to high commodity export dependence and direct trade exposure to China, says Fitch Ratings.

Posted OnFebruary 27, 2020

, ByLoren Moss

Photo credit: Kevin_John_Mauricio from Pixabay

off

Clearing Skies: Moody’s Upgrades Colombia Outlook to Stable from Negative

Moody’s Investors Service yesterday changed the outlook on the Government of Colombia to stable from negative. Concurrently, Moody’s has affirmed Colombia’s long-term local and foreign-currency issuer, senior unsecured debt ratings and foreign-currency shelf...

Posted OnMay 24, 2019

, ByLoren Moss

off

Gathering Clouds: Fitch Ratings Just Revised Colombia’s Credit Rating Outlook To Negative From Stable

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...

Posted OnMay 23, 2019

, ByLoren Moss

off

IMF: Colombian Economy to Grow by 2.8% in 2018, Extend Recovery Further with 3.6% Growth in 2019

Though slight, the body's upward revision for Colombia comes in contrast to the IMF’s overall expectations for the global economy.

Posted OnOctober 9, 2018

, ByJared Wade

colombia central bank colombia inflation banco de la republica inflation colombia interest rate banco de la republica

off

Colombian Central Bank Holds Key Interest Rate Steady at 4.25%

Banco de la República has now held the rate steady since cutting it by 25 basis points to 4.25% at its April meeting.

Posted OnSeptember 29, 2018

, ByJared Wade

ECLAC headquarters in Santiago, Chile. (Credit: ECLAC/CEPAL)

off

ECLAC Forecasts Colombian Economy to Grow by 2.7% in 2018

"The forecasts for 2018 and 2019 are promising and are supported by stronger growth in Colombia’s trading partners,” stated ECLAC in its mid-year regional breakdown.

Posted OnAugust 25, 2018

, ByJared Wade