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 […]
Tag: risk assessment agency
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 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 […]
Banks in Latin America are indirectly exposed to US defaults.
An analysis by S&P Global Ratings found that banks in Latin America are indirectly exposed to the failures of Silicon Valley Bank and Signature Bank as this will increase risk aversion among institutional investors. “The region’s major banks benefit from a stable deposit base and strong franchises that should reduce deposit volatility, but smaller, more […]
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 […]