US EditionS&P Global Affirms Colombia's Credit Rating, Forecasts Economic Growth
6 Articles
6 Articles
The S&P Global Ratings agency ratified Colombia’s credit rating in BB+ with a negative perspective, as a result of a division of powers that allows long-term economic policies to be sustained, but “high” fiscal deficits that are contributing to a growing trajectory of its public debt.“Our negative perspective reflects Colombia’s growing fiscal challenges, with deficits greater than expected that generate a deterioration of public finances and a …
S&P Global Affirms Colombia's Credit Rating, Forecasts Economic Growth
S&P Global Ratings has maintained Colombia’s credit rating at BB+ with a negative outlook. The rating agency expects Colombia’s economy to grow by 1.7% last year. This growth will likely boost consumption and investment recovery. Colombia’s stable institutions and democracy support long-term economic policies. The country’s system of checks and balances has impressed S&P Global. […]
S&P Global Ratings confirmed Colombia’s BB+ credit rating for foreign currency and negative outlook and BBB- for local currency. See more: Exclusive: Minhacienda asks for adjustments to Fiscal Rule and reduces value to new tax collector José Roberto Acosta, Director of Public Credit, said that the degree of investment is maintained and that the Petro government has a vote of confidence for good governance in public finances and a closing of 2024…
The qualifier predicts that the growth of the Colombian economy last year is 1.7 per cent and promotes consumption, as well as the recovery of investment
Colombia's foreign currency credit note was in BB+ negative perspective and BBB- local currency.
The credit rating agency also revealed that it plans an economic growth for Colombia of 1.7% in 2024. Photo: Archive. The credit rating agency, S&P Global Ratings, ratified Colombia's credit rating for foreign currency in BB+ negative perspective and BBB- for local currency. Recommended: Fitch: fiscal consolidation in Latin America lost momentum and Colombia has challenges due to its deficit The firm stressed that the strength of the institution…
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