Economy / Colombia
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Growth Takes Credit For Upgrade
March 2007 | Economic AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Ratings agency Standard and Poor's (S&P) raised Colombia's foreign-currency credit rating to BB+ on March 5 - one notch below investment grade. BMI View: This move reflects the country's positive growth outlook in 2007 and in our view, is a just reward for the government's recent fiscal performance.