* The international credit ratings agency Moody’s has raised its outlook for Colombia from ‘negative’ to ‘stable’, while maintaining the country’s credit rating at Baa2, indicating a moderate credit risk but a strong ability to repay short-term debt obligations. Moody’s attributed the improved outlook to Colombia’s tax reform, which
was promulgated on 14 September. A Moody’s statement notes that
“the stable outlook reflects Moody’s expectation that the fiscal measures approved by the government and the post-pandemic economic recovery will support debt stabilisation,” and
“assumes that the next administration [due to take office after the May 2022 presidential election] will maintain prudent macroeconomic policies.”End of preview - This article contains approximately 102 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options