Credit Rating Report

Morningstar DBRS Changes Trend on Republic of Colombia to Negative, Confirms Credit Ratings at BBB (low)

Sovereigns

Summary

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

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