LatinNews Daily - 27 June 2025

*The international credit ratings agency Moody’s has downgraded Colombia’s credit rating to Baa3 from Baa2, while improving the country’s outlook to stable from negative. Excerpts from Moody’s statement, published in the international media, attributed the downgrade to the government’s recent suspension of Colombia’s fiscal rule, which limits borrowing relative to income. Moody’s wrote that “the current government has opted to suspend the fiscal rule despite the absence of a shock, reflecting negatively on the effectiveness of the fiscal policy framework”. Nevertheless, Moody’s predicted that Colombia’s institutions would play a stabilising role and that the economy would continue to grow, hence the improvement in the outlook.

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