S&P raises Colombia's
rating outlook on elections
NEW YORK, July 7 (Reuters)
- Standard & Poor's signaled on Wednesday that Colombia
may have its credit ratings upgraded if newly elected President
Juan Manuel Santos pursues policies that strengthen the
economy's resilience.
The agency revised to positive
from stable the outlook on Colombia's BB-plus foreign-currency
rating.
"We believe it is
likely that the Republic of Colombia's incoming administration
will pursue policies that will strengthen the country's
economic resilience," S&P said in a statement.
|