Moody’s changes Colombian banks to negative

Moody's Investors Service said it changed the outlooks of Bancolombia SA and Banco de Bogota SA to negative from stable.

In addition, the agency affirmed the banks' long-term global local- and foreign currency deposit ratings as well as the long-term foreign currency senior unsecured debt ratings.

Moody’s said the actions follow the Feb. 22 change in outlook on Colombia's Baa2 government bond rating to negative from stable.

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