Tag: Fitch ratings

Fitch Ratings affirms Colombia’s credit rating at BB+

Fitch Ratings affirms Colombia’s credit rating at BB+

The Minister of Finance and Public Credit of Colombia, Ricardo Bonilla, highlighted this Thursday the decision of the risk assessment agency Fitch Ratings to reaffirm the country’s credit rating at ‘BB+ with stable outlook’. “The ratification of the country’s BB+ rating with a stable outlook demonstrates the confidence on the part of the market and […]

Fitch Ratings confirmed Colombia’s rating on BB+ Stable Outlook

Fitch Ratings confirmed Colombia’s rating on BB+ Stable Outlook

The risk rating agency, Fitch Ratings, reaffirmed Colombia’s rating at BB+ with a stable outlook, highlighting the country’s good track record of macroeconomic and financial stability, central bank independence and inflation-oriented regime and the free movement of the currency. He points out that Colombia has a history of meeting debt and its obligations, which has […]

Fitch confirmed Acuacar’s credit rating at AA+(col) and F1+(col)

Fitch confirmed Acuacar’s credit rating at AA+(col) and F1+(col)

Fitch Ratings reaffirmed Aguas de Cartagena with two high long-term and short-term credit ratings, AA+(col) and ‘F1+(col), respectively, with a long-term stable outlook. The rating agency based its decision on the strong business position of the Cartagena company, as the sole provider of aqueduct and sewage services in Cartagena. He believed that Acuacar has an […]

Petro’s energy policy jeopardizes generational expansion: Fitch

Petro’s energy policy jeopardizes generational expansion: Fitch

The report details an independent regulatory framework that has a process to determine prices based on technical considerations is the most important consideration when companies make decisions to invest in the sector. “President Petro’s unprecedented action to curb rising electricity rates could worsen operating cash flows, hitting pure generation companies the hardest, according to a […]

Fitch foresees a year of major challenges for Colombian companies

Fitch foresees a year of major challenges for Colombian companies

Nearly 50% of issuers rated by to fit operate in regulated industries (mainly public services) with flows of stable money and predictable that support liquidity profiles. The rating agency predicts that macroeconomic conditions in Colombia will deteriorate this year, driven by lower consumption. In addition, high and still rising nominal interest rates (currently 12.75%) will […]

Intervening fees undermine investor confidence, Fitch warns

Intervening fees undermine investor confidence, Fitch warns

It adds that the lack of an independent regulatory framework with a rate setting process that does not follow technical considerations to remunerate capital investment, AOM expenditure and a reasonable return on capital could undermine investor confidence and prevent the necessary expansion of the system in could endanger. but also the quality of the service. […]

Tax does not affect the country’s fiscal forecasts: Fitch

Tax does not affect the country’s fiscal forecasts: Fitch

Credit rating agency Fitch Ratings said the tax reform will not affect the agency’s near-term budget projections, as expected revenues will be used to fund increased social spending in line with President Gustavo Petro’s policies. “We forecast deficits narrowing and debt/GDP stabilizing in 2023-2024, but risks to our projections remain significant,” the rating agency said […]

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