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Fitch Downgrades EPM Credit Ratings From BBB- To BB+ After City of Medellín Credit Downgrade

Fitch views EPM's corporate governance as weak due to the strong influence exerted by the company's owner, the City of Medellin. EPM has an ESG Relevance Score of '4', which reflects the company's recent instability in board membership and indicates that the score has a negative...
Posted On July 13, 2021
, By Loren Moss
Davivienda's Bogotá headquarters. Photo credit: Loren Moss
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Fitch Affirms Davivienda at ‘BBB-‘; Revises Outlook to Positive

Davivienda’s Rating Outlook was revised to Positive given Fitch’s expectation that the banks’ financial profile and performance will continue to improve. The bank’s integration of its subsidiaries in Central America (HSBC’s former subsidiaries in...
Posted On January 23, 2015
, By Loren Moss
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Fitch Affirms Medellín’s International Credit Ratings, Outlook Stable

The ratings firm Fitch reaffirmed its opinion on Medellin’s creditworthiness in a release issued today. Edited excerpts follow: According to Fitch, the rating actions are the result of the city’s relevant role in the Colombian economy; sound, albeit declining,...
Posted On January 20, 2015
, By Loren Moss

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