by Amruth Sundarkumar | Nov 18, 2022 | Sovereign Bonds, Sovereigns
Dollar bonds of long-dated emerging market (EM) dollar bonds were down over 3% yesterday. Dollar bonds of sovereigns like Nigeria, Turkey, Colombia, South Africa and their like dropped. JPMorgan recently raised its outlook for emerging market hard-currency debt on...
by Amruth Sundarkumar | Oct 10, 2022 | Sovereign Bonds, Sovereigns
Colombia’s dollar bonds dipped to near all-time lows, following President Gustavo Petro’s comments on the idea of a “transitory tax on hot money flows” and an increase in land tax. This came despite Finance Minister Jose Antonio Ocampo’s reassurances that the...
by Amruth Sundarkumar | Jul 2, 2021 | Credit Ratings, Sovereigns
Colombia’s Long-Term Foreign-Currency and Local Currency Issuer Default Ratings (IDR) have been downgraded to BB+ from BBB- by Fitch. The downgrade was based on the deterioration of public finances with large fiscal deficits in 2020-2022, rising government debt...
by Amruth Sundarkumar | Jun 7, 2021 | Sovereign Bonds
Colombia signaled that it might rely more heavily on short-term debt to cover budgetary shortfalls in a move to decrease interest costs after the failed tax-reform push increased bond yields and caused social unrest. Colombia’s Ministry of Finance official, Public...
by bondevalue | May 20, 2021 | Credit Ratings, Sovereign Bonds
Colombia’s long-term foreign currency sovereign credit rating was slashed by S&P to BB+ from BBB- and its long-term local currency rating was lowered to BBB- from BBB. The outlook on Colombia’s long-term ratings remains stable. The short-term foreign currency...
