Moody’s Revises Colombia Outlook

Ratings agency Moody’s Investors Service has revised its outlook on the foreign currency credit rating of Colombia from negative to stable. Moody’s currently rates the country’s foreign currency bonds Ba2. Last month, ratings agency Standard & Poor’s raised Colombia’s long-term foreign and local currency credit rating outlook, from stable to positive. The improved outlooks are a product of Colombia’s better growth prospects brought about by greater domestic security and renewed confidence in private investment.