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Only 8 months into his term as mayor of Medellín, tomato-throwing Daniel Quintero has managed to unite Paisas from labor unions to corporate giants against him.Multiple boards of directors have resigned, and Fitch has downgraded the city-owned utility's credit, citing 'governance...

Luis Fernando Rico, former general manager of another Colombian utility giant, Isagen along with the general manager of Colombian weekly newsmagazine Semana both rejected Quintero’s appointments, joining Claro Colombia CEO Juan Carlos Archila and Grupo Santo Domingo’s Alberto...

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...

Tecnoglass, Inc.(NASDAQ: TGLS) Colombia’s leading manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, this week announced the appointment of Carlos Alfredo Cure Cure to its board of...

Fitch Ratings ratified the BBB international rating and the AAA and F1 + national long and short-term ratings, respectively, of ISAGEN S.A. E.S.P., all with stable perspective. Likewise, it affirmed the AAA rating of local bond issuances of ISAGEN, and the AAA and F1 + the long...

Medellín based utility company EPM (Empresas Públicas de Medellín) announced last week that it has decided to pause the planned first stage of the sale of its shares in Interconexión Eléctrica S.A. (ISA). Currently, in this process, 112,605,547 ordinary shares, equivalent to...

Colombian power company Isagen S.A. E.S.P. recently issued some $263 million USD (750 billion pesos) of bonds. Demand for the notes, which the company stated as 1.4 trillion pesos, was nearly twice as great as the amount that was issued, according to Isagen. The issuance came in...

Fitch highlighted Isagen's improving leverage position and "adequate" liquidity levels "supported by a healthy cash balance" and "manageable debt structure profile."

Moody's said its decision was based on having "insufficient or otherwise inadequate information to support the maintenance of the rating."

The upgrade reflects optimism surrounding EPM's Ituango hydroelectric plant, which is reportedly about two-thirds complete.