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Fitch Ratings affirmed Colombia's sovereign rating at BBB and moved its outlook from negative to stable. Bogota and Medellin outlooks were also upgraded.
The decision followed passage of tax reform in December 2016 and a narrowing current account deficit.
A ratings outlook upgrade eases pressure on Colombia's fiscal and currency position, with little direct effect on feed commodity prices.
financecolombia.comJared WadeMar 15, 2017Not 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.
