Investors shrug off Colombia downgrade

Colombia
By Oliver West
14 Dec 2017

Colombian asset prices hardly budged this week after Standard & Poor’s brought the South American sovereign — once an EM darling — within one notch of junk status.

S&P downgraded Colombia’s foreign currency credit rating from BBB to BBB- after markets closed on Monday, saying weaker than expected growth had taken its toll on government finances. 

Though one Lat Am DCM head claimed there was genuine worry about Colombia’s investment-grade status among market participants, investors who spoke ...

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