Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Colombia Debt Rating May Be Raised by Fitch on Reserves, Growth

Don't Miss Out —
Follow us on:

March 6 (Bloomberg) -- Colombia’s foreign debt rating may be raised by Fitch Ratings as international reserves rise and debt levels drop.

Fitch rates Colombia BBB-, the lowest investment-grade level. The outlook on Colombia’s credit rating was moved to positive from stable, the agency said in a statement today.

“As a result of continued international reserve accumulation, Fitch expects Colombia to become a net sovereign external creditor in 2013,” Fitch said in a statement today. “In addition, government debt burden continues to decline driven by fiscal consolidation and economic growth.”

Colombia won an investment-grade credit rating in 2011 for the first time since 1999 as improved security bolstered economic growth and attracted record foreign investment. Standard & Poor’s in August also raised its outlook on Colombia’s BBB- rating to positive.

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.