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DBRS confirmed Colombia's long-term foreign and local currency issuer ratings at BBB with a stable trend on April 12, 2019. The agency cited a credible macro policy framework offset by ongoing fiscal pressures, with GDP growth expected to rise to 3.5% in 2019.
A rating affirmation with a stable outlook removes near-term sovereign risk pressure on the peso, which has little direct effect on feed commodity prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.