How S&P’s lower rating affects Colombia
The dollar shooting up against Colombia’s peso is only the first of consequences of Colombia’s credit rating being lowered from BBB to BBB-minus. The decision is unlikely to affect households…
The dollar shooting up against Colombia’s peso is only the first of consequences of Colombia’s credit rating being lowered from BBB to BBB-minus. The decision is unlikely to affect households…
Ratings agency S&P Global on Monday lowered Colombia’s long-term foreign currency sovereign credit rating from BBB to BBB-minus. S&P said the lower credit rating was due to ongoing fiscal woes…
The Colombian government’s delay in submitting a crucial tax reform to tackle a plunge in oil revenue and a tricky overseas scenario could prompt a cut in its credit rating…