Colombia’s bonds tumble as credit rating worries mount

Colombia’s dollar-denominated bonds fell on Friday to their lowest in eight months as a government financial health warning fanned worries the country could lose its prized investment-grade credit rating awarded a decade ago. With markets still digesting the news and also suffering broader global pressure, Colombia’s 2029 and 2030 maturity bonds dropped by 1.2 cents and 2 cents, respectively.

Source: Nasdaq