Fitch Pushes Colombia Further Into Junk Citing Fiscal Deficits
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Fitch Ratings downgraded Colombia’s credit rating one notch deeper into junk territory, citing persistently large budget deficits that will add to the nation’s debt load.The major credit-rating company classified Colombia’s sovereign issuer at its BB level, down from BB+, but with a stable outlook. In a statement, it cast doubt on whether a change in leadership following next year’s presidential election will improve the nation’s deteriorating fiscal outlook.