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Fitch says commodity prices will be the main transmission channel of China’s rebound for Latin American economies.

It was an eclectic week, even by Colombian standards.

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.

Mortgages only represent 7% of GDP in Colombia, a lower rate than in many other Latin American countries.