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The upgrade reflects the anticipated strengthening of Cementos Argos' capital structure and enhanced financial flexibility.

"Recurring dividend flow will normalize from 2024 and continue to strengthen in the following years with the incorporation of higher dividends from Grupo de Inversiones Suramericana."

While we're seeing many headlines about the Colombian peso being the global top performer in 2023, this is mostly due to the sell off in the fourth quarter last year.

Despite opinion polls declaring we are heading for Armageddon, we see various stakeholders increasing the GDP outlook.

A deal between Jaime Gilinski and GEA has given the Colombian mogul control of Grupo Nutresa in exchange for his stake in Grupo Sura.

What will the Gilinskis do with Nutresa? Will Carlos Ignacio remain with company? What will happen with the stock price?

In his speech, Yepes exposes links between Gilinski, Daniel Quintero, & convict Alex Vernot.

Though Gilinski has lost a major battle, the war may not be over. He is still a significant shareholder in GEA companies.

The lawsuit battles between Jaime Gilinski’s companies and Grupo Nutresa continues as both sides received blows to their cases against each other last week.

On the markets the Peso had a bumpy week before recovering somewhat by Friday.