Government of Colombia  Baa2 stable: Update following outlook change to stable from negative - Moody's Global Credit Research

Government of Colombia Baa2 stable: Update following outlook change to stable from negative

Government of Colombia  Baa2 stable: Update following outlook change to stable from negative - Moody's Global Credit Research
Government of Colombia Baa2 stable: Update following outlook change to stable from negative
Published Oct 06, 2021
9 pages (5376 words) — Published Oct 06, 2021
Price US$ 250.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...Colombia's credit profile balances a history of predictable macroeconomic policies and a solid track record of servicing debt against relatively high commodity dependence, a comparatively narrow tax revenue base and a rigid expenditure structure. Despite the challenges presented by the pandemic and rising social tensions, the government approved fiscal measures that we project will support debt stabilization over the coming years, keeping Colombia's credit metrics in line with those of Baa2-rated peers....

  
Report Type:

Credit Opinion

Company:
Issuer
Colombia, Government of
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Government of Colombia: President-elect's ability to balance social demands and fiscal consolidation will determine sovereign credit trajectory - Issuer Comment – 2022/06/23 – US$ 200.00 – ...*Others includes the 2 indigenous group Senators and 1 seat reserved for the presidential candidate that is the second most voted, which in this case is Rodolfo Hernandez Sources: Registraduria Nacional del Estado Civil and Moody's Investors Service *Others includes Liga Gobernantes Anti-Corrupcion, Nuevo Liberalismo, Coalicion Mira, indigenous Representatives, Afro-descendent Representatives, Peace Representatives, among others Sources: Registraduria Nacional del Estado Civil and Moody's Investors Service...

Government of Colombia Baa2 stable: Regular update - Credit Opinion – 2022/04/08 – US$ 250.00 – ...Colombia's credit profile balances a history of predictable macroeconomic policies and a solid track record of servicing debt against relatively high commodity dependence, a comparatively narrow tax revenue base and a rigid expenditure structure. Despite the challenges presented by the coronavirus pandemic and rising social tensions, we project stable debt metrics over the coming years....

Government of Colombia: Institutional checks will limit radical policy shifts after upcoming presidential election - Issuer Comment – 2022/03/16 – US$ 200.00 – ...Note: results as of 3.15.2022 with over 99% of the votes counted Sources: Registraduria Nacional del Estado Civil and Moody's Investors Service...

Government of Colombia: Preliminary 2021 data show accelerated fiscal consolidation and declining debt, a credit positive - Issuer Comment – 2022/02/09 – US$ 200.00 – ...On 4 February, Colombia's (Baa2 stable) Ministry of Finance published preliminary 2021 fiscal data showing a central government deficit...

Government of Colombia: FAQ on fiscal and economic outlook, and upcoming elections - Issuer In-Depth – 2021/11/11 – US$ 750.00 – ...In September, following a considerable pandemic-driven deterioration in government finances, Colombia (Baa2 stable) passed an important fiscal reform, demonstrating its institutional capacity to implement macroeconomic policies that increase the likelihood of debt stabilization by 2023 and form the basis of a credible medium-term fiscal consolidation process. + How does passage of the fiscal reform affect the sovereign credit profile? Approval of fiscal reform confirms our view of Colombia's institutional strength. Through a consensus-building process, the government succeeded in promoting policies that support an economic recovery from a severe shock. Although the reform did not address all of the structural challenges that affect government finances, the measures meaningfully increase the likelihood that debt metrics will stabilize by 2023 and form the basis of a credible medium-term fiscal consolidation process. + What is Moody's assessment of Colombia's fiscal strength compared with...

Moody's changes outlook on Colombia's rating to stable from negative, affirms Baa2 ratings - Rating Action – 2021/10/06 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Government of Colombia - Baa2 negative : Annual credit analysis - Issuer In-Depth – 2021/06/30 – US$ 750.00 – ...The credit profile of Colombia balances a moderately sized and resilient economy, a history of predictable macroeconomic policies and a solid track record of servicing debt against relatively high commodity dependence, a comparatively narrow revenue base and an inflexible expenditure structure. Fiscal strength deteriorated in 2020 because of the pandemic shock, putting Colombia in a weaker position than most of its Baa-rated peers. Colombia's favorable debt structure is a credit strength, which mitigates the risks stemming from a higher government debt burden. However, in the absence of significant fiscal consolidation, government debt metrics are unlikely to improve significantly over the medium term, resulting in a weaker fiscal profile than that of peers with Baa2 ratings. Upward pressure to stabilize Colombia's credit profile could develop if we were to conclude that the measures the authorities implement over the coming years will likely prove effective in delivering a significant...

Government of Colombia Baa2 negative: Regular update - Credit Opinion – 2021/06/18 – US$ 250.00 – ...Colombia's credit profile balances a history of predictable macroeconomic policies and a solid track record of servicing debt against relatively high commodity dependence, a comparatively narrow revenue base and a rigid expenditure structure. Debt rose in 2020 because of the negative effects of the coronavirus pandemic on economic growth, currency depreciation and the government's fiscal policy response. Thus, Colombia's debt burden and affordability metrics are weaker than the median for its peers with a Baa rating....

Government of Colombia: Fiscal consolidation beyond 2021 remains key determinant of credit trajectory - Issuer Comment – 2021/03/10 – US$ 200.00 – ...Quadrant thresholds equal Baa 2020 medians: debt/GDP = 61.9% and interest/revenue = 7.5% Source: Moody's Investors Service...

Government of Colombia: Regularization of Venezuelan migrants will raise Colombia's potential growth - Issuer Comment – 2021/02/19 – US$ 200.00 – ...On 8 February, Colombia (Baa2 negative) announced the creation of the Temporary Protection Statute for Venezuelan Migrants (ETPV in Spanish). The statute provides a path for migratory regularization for the more than 966,000 undocumented Venezuelan migrants...

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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Cite this Report

  
MLA:
Moody's Global Credit Research. "Government of Colombia Baa2 stable: Update following outlook change to stable from negative" Oct 06, 2021. Alacra Store. Jul 23, 2024. <http://www.alacrastore.com/moodys-credit-research/Government-of-Colombia-Baa2-stable-Update-following-outlook-change-to-stable-from-negative-PBC_1304791>
  
APA:
Moody's Global Credit Research. (). Government of Colombia Baa2 stable: Update following outlook change to stable from negative Oct 06, 2021. New York, NY: Alacra Store. Retrieved Jul 23, 2024 from <http://www.alacrastore.com/moodys-credit-research/Government-of-Colombia-Baa2-stable-Update-following-outlook-change-to-stable-from-negative-PBC_1304791>
  
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