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The recertification formally authorizes the level of standards and availability offered at the company’s data center in Bogotá.

Last July, the IMF forecasted Colombia's GDP to grow by 3.0% in 2017. In October, that figure fell to 2.7% then, in April, it was cut again to 2.3%. Now it sits at 2.0%.

While the rest of Latin America is going one way, Colombia is still lagging behind. Only Ecuador, with a 6.1% drop in the first quarter, performed worse.

Best known in Colombia for its Jumbo brand of hypermarkets, the company's large regional presence highlights its financial stability.

After Brazil (51% negative) and Colombia (20%), Fitch Ratings has assigned negative outlooks to 19% of corporates in Chile, 12% in Peru, 9% in Mexico, and 6% in Argentina.

Pacific Exploration is showing signs of recovery, but it still has a long way to go to get back to its performance levels in earlier years.

The 2016 total was more than half a billion dollars above the $5.2 billion USD reported in 2015 and puts the industry second in terms of foreign revenue generation after the oil sector.

Alex Johnson of GFC Media Group called the event "a must-attend for anyone wanting to meet and do business with the region’s senior-level market makers."

The Florence-based pharmaceutical firm formally inaugurated its new office in Bogotá on March 9 at the Italian Embassy.

"Signs for an improvement in credit metrics are slowly emerging for corporates across Latin America following a tough year during 2016," said Jay Djemal of Fitch Ratings.