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A positive rating action for GEB is unlikely in the near to medium term due to anticipated EBITDA pressures and potential capex increases.

Inflation seeks to be the highest in Colombia since 1999 based on DANE statistics.

Citigroup said in a statement that the confusion sends the wrong message and challenges board independence.

A Colombian government delegation was in Washington this week meeting with IMF, World Bank and US officials.

The Peso closed Friday at $4622 close to record lows after Thursday President Petro made mention of taxing "hot money."

Sectorially, financials (94.1%) are the top pick followed by Energy (82.4%), while oil has dropped away to 35.3%.

On the bright side GDP expectations continue to improve. In March the FY2022 consensus is at 4.5%, above the 4.2% of February.

The rating downgrades of Ecopetrol, OCENSA and A.I. Candelaria reflect the direct and indirect linkage of these companies to the Sovereign Rating downgrade of Colombia, which Fitch downgraded to 'BBB-' from 'BBB'. The ratings for Emgesa, Isagen and UNE EPM Telecomunicaciones have...

On April 25, 2019, the Andean region’s banking elite will turn out for the annual Bonds & Loans Latin America Awards at the JW Marriott in Bogotá. Over 380 leading banking executives and their clients will attend the ceremony. Big winners include the Dominican Republic who...