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COLOMBIA: Fitch Affirms Sovereign Rating at 'BB+'; Outlook Stable

COLOMBIA
  • "Fitch Affirms Sovereign Rating at 'BB+'; Outlook Stable" (BBG)
  • "Fitch expects the central government's fiscal deficit to widen to 5.6% of GDP in 2024 from 4.3% in 2023, in line with the government's revised budget target, largely given significant revenue underperformance due to shortfalls in tax administration efforts, failure to get approval to fast track tax litigation cases and a constitutional court ruling that on the deductibility of royalties for oil and coal companies."
  • Web link: https://www.fitchratings.com/research/sovereigns/fitch-affirms-colombia-at-bb-outlook-stable-31-07-2024

 

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