Colombia peso bucks Latam rally after S&P cuts credit outlook
Colombia’s peso bucked a rally in Latin American currencies on Wednesday after Standard & Poor’s said it could downgrade the country’s “BBB” rating.
Colombia’s peso bucked a rally in Latin American currencies on Wednesday after Standard & Poor’s said it could downgrade the country’s “BBB” rating.
Credit rating firm Standard & Poor’s has lowered Colombia’s credit-rating outlook from stable to negative, citing the country’s deteriorating growth prospects and need of fiscal reform as reasons.
Standard & Poor’s Ratings Services boosted its outlook on Colombia to positive from stable, saying the country’s push for fiscal reform could improve its debt and interest burdens. S&P affirmed…
Colombian stocks were posting strong gains Thursday morning, lifted by renewed optimism on the country’s economic outlook after Standard & Poor’s rating agency improved Colombia’s debt rating to investment-grade. Colombia’s…
The decision by rating agency Standard & Poor’s to move Colombia up to investment grade “is like having a certificate of good conduct,” says President Juan Manuel Santos, Spanish news…