Finance Colombia

Moody’s Upgrades Lifemiles To B1 From B2

Ratings firm Moody's Investors Service (Moody's) has upgraded LifeMiles Ltd.'s senior secured and corporate family ratings to B1 from B2. The outlook has been revised to stable from negative.

Posted On February 8, 2020

, By Loren Moss

off

Bancolombia’s Proposed Tier 2 Subordinated Notes Rated Ba3(hyb) By Moody’s

Moody’s Investors Service has assigned a Ba3(hyb) rating to the proposed US Dollar-denominated contractual non-viability Tier 2 subordinated notes to be issued by Bancolombia S.A. (NYSE:CIB) of Medellín, Colombia. The notes will be due in 2029. The capital securities are...

Posted On December 22, 2019

, By Loren Moss

banco de bogota banco de bogotá bancolombia colombia

off

Grupo Aval’s Banco de Bogotá To Buy Panamá’s Multi Financial Group; Moody’s Says Outlook Remains Negative

Banco de Bogotá has reached an agreement with Multi Financial Group (MFG), Panama’s eighth largest banking group by assets, to acquire 100% of its common capital for about $730 million dollars in an all-cash transaction. The proposed acquisition will add $5 billion to Banco...

Posted On November 18, 2019

, By Loren Moss

sura asset management senior notes moody's grupo sura suramerica

off

Moody’s Maintains Sura Asset Management at Baa1

Moody’s Investors Service has completed a periodic review of the ratings of Sura Asset Management, S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody’s reassessed the...

Posted On August 19, 2019

, By Loren Moss

off

Moody’s Downgrades Lifemiles Loyalty Program To B2

Moody’s Investors Service last week downgraded to B2 from Ba2 LifeMiles Ltd.’s corporate family and senior secured ratings. The outlook has been revised to negative from stable. LifeMiles, Ltd. is a coalition loyalty, program and the sole operator of Avianca...

Posted On August 5, 2019

, By Loren Moss

off

Moody’s Affirms Interconexión Electrica (ISA) at Baa2

Moody’s Investors Service has affirmed the Baa2 issuer rating of Interconexion Electrica S.A. E.S.P. (ISA). (OTCQX: IESFY) (BVC: ISA) At the same time, Moody’s revised the outlook to stable from negative. This action follows Moody´s recent rating action on the...

Posted On June 15, 2019

, By Loren 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 On May 24, 2019

, By Loren Moss

off

Tecnoglass CFO Santiago Giraldo Discusses The Company’s Impressive Growth, Explains The Saint Gobain Deal: Exclusive Interview

Barranquilla Colombia glass manufacturer Tecnoglass (NASDAQ: TGLS) (BVC:TGLSC) has been busy the past year and a half. After posting strong growth numbers in the US, its major export market, the company purchased a large stake in Saint Gobain’s Colombia glass manufacturing...

Posted On April 23, 2019

, By Loren Moss

President Juan Manuel Santos welcomes his successor, Iván Duque, to the Casa de Nariño. (Photo credit: Presidencia de la República / Nelson Cárdenas, SIG)

off

Colombian President Iván Duque Takes Office in a Divided Nation with a Recovering Economy

While the peace process and divisive politics in Bogotá will be thornier issues, Duque's management of the fiscal deficit will prove tricky even amid rising GDP growth rates.

Posted On August 8, 2018

, By Jared Wade