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The affirmation reflects Fitch's expectations that Medellin will maintain an adequate operating performance and manageable debt levels in spite of the economic impact of the coronavirus pandemic.

The key sources of the pressure on emerging markets (EMs) over the summer remain in place, Fitch Ratings says in a new report. The impact of tighter US monetary policy, a strengthening dollar, and risks to global trade and growth will continue to be felt in 2019. EM...

Though the rating is unchanged from the New York agency’s previous assessment, the status quo represents positive news for a country where economic growth has slowed.

S&P highlighted Colombia’s “diminished policy flexibility” due to “weakened fiscal and external profiles” in its analysis following the move.

Fitch noted Colombia improving macroeconomic imbalances, current account deficit reduction, and falling inflation rate.

Colombia remains among the fastest-growing economies in Latin America, with government estimates signaling the country will grow approximately 3.5 to 4% in 2015, while the country’s central bank forecasts a 3.2% increase in GDP. At a time of domestic and external challenges,...