Fitch rebaja la calificación crediticia de Colombia a ‘BB’ por deterioro fiscal y mayor deuda pública

La agencia calificadora Fitch Ratings anunció la rebaja de la calificación crediticia de Colombia en moneda extranjera de largo plazo a ‘BB’, desde ‘B...

Fitch rebaja la calificación crediticia de Colombia a ‘BB’ por deterioro fiscal y mayor deuda pública

TL;DR

  • Fitch Ratings downgraded Colombia's foreign currency long-term sovereign rating to 'BB' from 'BB+'.
  • The downgrade is attributed to persistent fiscal deficits, rising public debt, high interest burden, and dependence on commodities.
  • Fitch projects the central government deficit to reach 6.5% of GDP in 2025 and 7.5% in 2026, exceeding official targets.
  • Public debt is projected to increase to 62.8% of GDP by 2027, surpassing the average for 'BB' rated countries.
  • The proximity of elections and a fragmented Congress are expected to hinder the advancement of government reform agendas.
  • Inflation is expected to decrease but remain above the central bank's target range, potentially leading to interest rate hikes.