Rating Report

DBRS Morningstar Confirms Colombia at BBB, Trend Changed to Negative

Sovereigns

Summary

DBRS, Inc (DBRS Morningstar) confirmed the Republic of Colombia’s Long-Term Foreign and Local Currency – Issuer Ratings at BBB and changed the trend to Negative from Stable. At the same time, DBRS Morningstar confirmed the Republic of Colombia’s Short-term Foreign and Local Currency – Issuer Ratings at R-2 (high) and changed the trend to Negative from Stable.