Skip to main content
ubicacion

Welcome, you are in INVEST IN COLOMBIA

Welcome, you are in INVEST IN COLOMBIA

Marca pais y procolombia
  • Why Colombia
  • Sectors to invest
    • Agribusiness and food
      • Processed food
      • Cocoa and its derivatives
      • Forestry
      • Fruits and vegetables
    • Energy
      • Renewable energy
      • Green Hydrogen
    • Healthcare and life sciences
      • Cosmetics and Personal Care
      • Pharmaceutical
    • Infrastructure
      • Social infrastructure
      • Water and Sanitation
    • Manufacturing
      • Aeronautical
      • Naval
      • Automotive
      • Building materials
    • IT and Creative industries
      • Audiovisual
      • Data centers
      • Service outsourcing - BPO
      • Shared service centers
      • Software & IT
    • Other sectors
      • Agrochemicals
      • Hospitality and tourism infrastructure
      • Logistics
      • Fashion industry
  • How to Invest
    • 1. Foreign investment protection
    • 2. Exchange regime
    • 3. Corporate affairs
    • 4. Foreign trade
    • 5. Labor regime
    • 6. Immigration Regime
    • 7. Tax regime
    • 8. Environmental regime
    • 9. Energy market
    • 10. Intellectual property
    • 11. Real state
    • 12. State contracting
    • 13. Accounting regime
    • Free Trade Zone Regime
    • Incentives to Invest in Colombia
  • Resources
    • Investor support
    • Top investment opportunities
      • Investor
      • Colombian companies
    • Service Directory
    • Information resources
    • Site selection
  • Contact
en
  • en
Buscar
Sign in
  • Sign in
  • Create account
Invest
now!
news
Breadcrumb
  1. Home
  2. Information resources
  3. Colombia Gains Investment Grade Credit Rating, Spurring Investor Confidence

Colombia Gains Investment Grade Credit Rating, Spurring Investor Confidence

Share
  • Twitter
  • Facebook
  • Linked in
06 of May of 2011

Major Rises in Colombian Stock Exchange Reflect Improving Economic Climate. On March 16th, 2011, Standard & Poor’s rating agency improved Colombia’s debt rating to investment grade, prompting the largest stock rise in two years as investors’ signaled increased confidence in the emerging economy.

Colombia’s Colcap Index jumped 4.3 percent by Thursday afternoon, while the Colombian peso rose .7 percent against the U.S. dollar immediately following the upgrade. Colombia now enjoys the same credit rating as Brazil and Mexico, the two largest economies in Latin America. With a planned integration of the Colombian stock market with those of Chile and Peru by May, Colombia will soon be a part of the second-largest equity market in the region. Only Brazil’s exchange has a higher market capitalization.

S&P’s upgrade of Colombia’s credit rating to BBB-/A-3 is expected to attract a new class of investors, including large financial institutions whose policies mandate that bond purchases be investment grade. Colombia is also expected to gain access to global credit markets at lower interest rates, thus spurring investment and further boosting the emerging country’s economy.

S&P cited a favorable growth outlook and resilient economy in its decision, with President Juan Manuel Santos calling the upgrade a “certificate of good behavior” that reflects Colombia’s market-oriented economic policies and continually improving investment climate. Finance Minister Juan Carlos Echeverry noted that Colombia’s economy may now grow 6 percent in 2011, rather than the previous forecast of 4.5 percent.

The improved rating is the latest in a series of positive signs from Colombia’s economy, which began a turnaround in 2002 with the election of Alvaro Uribe, Colombia’s two-term president who initiated a security crackdown and increased investor confidence by implementing wide economic reforms. Uribe’s policies, which nearly halved the country’s homicide rate and increased foreign direct investment by 400% from 2002-2009, have been continued by President Juan Manuel Santos, who took office in August 2010. Santos has further spurred investor confidence through policies aimed at tackling the deficit, as well as further fiscal and political reforms.

In the World Bank’s 2011 Doing Business Report, Colombia was ranked the top country in Latin America for strength of investor protection. Colombia’s increasing oil production, now fourth-largest in Latin America, and its growing but under-penetrated consumer market have been cited as prime opportunities for investors this year.

Other documents

06 of March of 2025
news
Eight successful Colombian cities are considered Cities of the Future
09 of July of 2024
Banner
Discover the advantages of investing in tourism infrastructure in Colombia
20 of June of 2024
Legal Guide 2024
Legal Guide 2024
13 of January of 2023
Cosmetics Industry.
Colombian cosmetics industry and their commitment to sustainability
13 of December of 2022
Modernizing the production plants in Colombia.
Foreign companies invest in modernizing and expanding their production plants in Colombia
24 of November of 2022
Sustainability projects in Colombia.
Alternative projects and initiatives around sustainability in Colombia

Image CAPTCHA
Get new captcha!
Enter the characters shown in the image.

  • Ministerio de cultura y comercio
  • ATTENTION LINES

  • 28th Street No 13A - 15 35-36th Floor
  • Bogotá - Colombia
  • +57 601 5600100
  • Fax: +57 601 5600104
  • Mon - Fri 8:30 A.M. - 5:30 P.M
  • icon-facebook
  • icon-linkedin
  • icon-instagram
  • icon-youtube

OUR AXES

  • ProColombia
  • Invest
  • Trade
  • Travel
  • Country Brand

LINKS OF INTEREST

  • Citizen Services
  • Sustainability Reports
  • FAQs
  • PQRFS
  • Contact
Copyright © 2024. Terms and Conditions - Read about the changes to our Treatment and Privacy Policy