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Prospect News home > News index > List of issuers B > Headlines for Bogota > News item
Published on 4/7/2020 in the Prospect News Emerging Markets Daily.

Fitch cuts three Colombian governments

Fitch Ratings said it downgraded the issuer default ratings for Bogota, Medellin and Barranquilla to BBB- from BBB and long-term foreign currency and local currency IDRs to BBB- from BBB.

Fitch also downgraded Bogota’s senior unsecured Colombian-peso denominated notes for $300 million and fixed interest rate of 9¾% due 2028 to BBB- from BBB.

The downgrades follow Fitch’s downgrade of Colombia’s sovereign rating to BBB- on April 1.

The outlook remains negative.


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