Fitch downgraded Colombia's sovereign rating to BB, citing budget ballooning under President Petro's leftist leadership.

The entities involved

• Gustavo Petro →

  34th President of Colombia since 2022

  • The President-elect is navigating the aftermath of the election, facing strategic divergence from the US and needing to restore diplomatic ties with Israel.Sat 16:09
  • De la Espriella's government in Colombia is reversing an institutional name change previously made by Gustavo Petro.Fri 15:51
• Colombia →

  country in South America

  • A river has been identified as forming the border between Peru and Colombia.04:41
  • High Brent crude prices are providing economic support for Latin American nations like Colombia and Brazil, while FED policy influences regional markets.04:37
• Fitch →

  Japanese pornography producer

  • Air Canada's ticket sales were impacted by recent US and Israel attacks on Iran, while Fitch reaffirmed ratings for Canadian banks.00:16
  • SEC Chairman Paul Atkins received a letter as NOAA data was criticized by rating agencies like Fitch and S&P.Thu 23:42

Related events

• Cuba is experiencing power cuts, Argentina reported a national surplus, and Colombia's market slipped amid political heat.Sat 04:26
• Fitch affirmed Uganda's Long-Term Issuer Default Ratings as the country attends IMF and World Bank Group meetings.Thu 02:19