Credit rating

S&P downgrades Colombia's sovereign rating to BB- over fiscal imbalances; business leaders criticize rising debt

08. huhtikuuta 2026 Raportoinut AI AI:n luoma kuva

S&P Global Ratings downgraded Colombia's sovereign credit rating to BB- (long-term foreign currency) and BB (local currency) with a stable outlook on April 8, 2026, citing persistent fiscal imbalances, higher spending, lower revenues, and suspension of the fiscal rule. The move, following Fitch's downgrade in December, has prompted sharp criticism from business leaders over deteriorating public finances under the Petro government.