Mauro Leos, head of Moody’s for Latin America, told a conference organized by the firm that investors seem not to fully trust the promises of the Colombian government:
“I think the risk is that there could be elements that lead to a negative outlook (for the Baa2 stable rating of Colombia)… Their biggest problem right now is the lack of credibility in the market… That adds to the fact that this year the economy is going to be quite weak. The central bank has delivered its projections for this year and are now at 1.8%.”
To read the whole article, Why would Moody’s downgrade Colombia’s credit rating?, go to the website of AméricaEconomía.
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