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Colombia Credit Rating May Be Raised As Growth Buoys Revenue

From:  S&P May Raise Colombia Credit Rating as Growth Buoys Revenue – Bloomberg.

Colombia’s foreign debt rating may be raised by Standard & Poor’s as economic growth in the Andean country increases revenue and leads to lower debt levels.

 

Colombia won an investment-grade credit rating last year for the first time since 1999 as improved security bolstered economic growth and attracted record foreign investment. Congress in 2011 passed legislation, known as the fiscal rule, allowing the nation to save part of the windfall it receives during times of rising commodity prices.

“Colombia’s fiscal performance has been improving at an impressive pace,” Bret Rosen, a Latin America strategist at Standard Chartered Bank in New York, said in a phone interview. “Colombia is a positive story and this shines light on its achievements.”

 

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Welcome , today is Tuesday, 2018/01/16