# Latam Daily: Colombia Outlook Downgrade, Economic Activity Recap | Post

> S&P kept Colombia's BB+ foreign-currency rating but lowered the outlook from stable to negative, citing weak household demand and private investment. The agency said it could downgrade the rating within two years if growth falls short of expectations. The Scotiabank note said the move was unexpected and could add volatility to domestic markets.

- Date: 2024-01-19 · published 2024-01-19T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/32407-latam-daily-colombia-outlook-downgrade-economic-activity-recap-post
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A negative outlook raises risk premia on Colombian assets, which can weaken the peso and raise dollar costs for Colombian importers of feed inputs. Any direct effect on agricultural commodity prices is limited.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- scotiabank.com: https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.daily-publications.latam-daily.latam-daily.2024-issues.-january-19-2024-.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.