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

Though the notes have a Baa1 rating with a stable outlook, Moody's has concerns over Sura's leverage, regional market volatility, and the immature capital markets of Latin America.

The mayor is seeking to raise up to $1.4 billion USD for new infrastructure, especially highways and a regional train.

Mayor Enrique Penãlosa wants to raise some $1.35 billion USD for transportation projects, but he is facing strong opposition from labor and the Social Party of National Unity.

Moody’s Investors Service has affirmed the insurance financial strengths (IFS) ratings of Chubb de Colombia Compañía de Seguros S.A. after the completion of the ACE and Chubb merger by Switzerland-based Chubb Limited (NYSE: CB, formerly named ACE Limited). The merger...

Colombian petroleum company Ecopetrol (BVC:ECOPETROL, NYSE:EC, TSX:ECP) announced Friday that it opened a $175 million USD ($578 billion COP) line of credit with The Bank of Tokyo-Mitsubishi UFJ,Ltd. (NYSE:MUFG, TSE:MUFG) The loan was approved by Minhacienda, Colombia’s finance...

Moody’s Investors Service announced yesterday that it has downgraded Colombia’s government controlled petroleum company Ecopetrol’s senior unsecured ratings to Baa3 from Baa2. At the same time, the company’s BCA (Baseline Credit Assessment) was lowered to ba3 from...

The Japanese rating agency Rating and Investment Inc. (R & I) has upgraded Colombia’s long-term debt rating from BBB- to BBB with a stable outlook. R & I confirmed its confidence in the country’s economic stability in recent years, noting that Colombia recorded real GDP...