Tag

Cartagena's rating is explained by results that exceeded expectations in 2023, which consolidates a structural improvement in the district's tax collection.

Colombia has maintained its BB+ credit rating despite high inflation numbers and the loss of Petro’s supermajority.

Political uncertainty due to the upcoming election and challenges adhering to the so-called fiscal rule were cited as reasons for the diminished outlook.

The spending crunch will test the next president of Colombia's "commitment to meet the current fiscal rule's targets."