# Finance Colombia   » Fitch Ratings Upgrades Colombia’s Sovereign Rating to Stable from Negative; Bogotá and Medellín Outlooks Also Upgraded

> 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.

- Date: 2017-03-15 · published 2017-03-15T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/72277-finance-colombia-fitch-ratings-upgrades-colombia-s-sovereign-rating-to-stable
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A ratings outlook upgrade eases pressure on Colombia's fiscal and currency position, with little direct effect on feed commodity prices.

## Sources

- financecolombia.com: https://www.financecolombia.com/fitch-ratings-colombia-sovereign-rating-outlook-stable-bogota-medellin/

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