# Colombian peso, stock index down on S&P downgrade | Financial Post

> Colombia's peso and main stock index fell sharply in early trading on Thursday after S&P downgraded the country to BB+ from BBB-. S&P cited a slower, more drawn-out fiscal adjustment. The peso was down 1.55% at 3,742 per dollar, and the COLCAP index fell 2.18%. Anti-government protests have entered a fourth week.

- Date: 2021-05-20 · published 2021-05-20T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/47398-colombian-peso-stock-index-down-on-s-and-p-downgrade-financial-post
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A weaker peso raises the cost of imported feed ingredients and fuel for Colombian buyers. Analysts expect higher long-term local bond yields in the coming days.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/colombian-peso-stock-index-down-on-sp-downgrade
- financialpost.com: https://financialpost.com/pmn/business-pmn/colombian-peso-stock-index-down-on-sp-downgrade-2

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