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Moody's Say Utility Intervention Raises Uncertainty

COLOMBIA
  • President Gustavo Petro’s decree to intervene in regulatory commissions that set public utility fees increases the uncertainty over the energy sector, which could delay new investment, Moody’s Investors said in an emailed statement. (BBG)
    • “Although the measures have not yet been disclosed, unilateral decisions that curb revenues and defer cost recovery in 2023 will negatively affect the credit metrics of public services and electric companies that operate in the country".

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