Colombian bonds soften after second sub-IG downgrade
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Emerging MarketsEM LatAm

Colombian bonds soften after second sub-IG downgrade

Bogota, Colombia, protest, LatAm, paro, 575

Colombia’s sovereign bonds experienced a modest sell-off on Friday after Fitch become the second rating agency in less than two months to downgrade the government’s credit rating to sub-investment grade. But analysts noted that the market was already largely expecting the downgrade, which is likely to limit further widening.

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