Colombia May Get Rated Investment Grade in First Half
This article is for subscribers only.
Ratings firms may upgrade Colombia to investment grade in the first half of this year, though the exact timing depends on the companies, Finance Minister Juan Carlos Echeverry said on a conference call with investors.
Standard & Poor’s in July raised its outlook on Colombia’s foreign debt to positive, followed by Moody’s Investors Service in September. S&P, Moody’s and Fitch Ratings all rate the securities one level below investment grade.