Colombia Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Baa3 Stable | BB Negative | BB Stable | BB (high) Negative | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Dec 16, 2025 | Fitch | BB+ | Negative | BB | Stable | |
| Sep 05, 2025 | DBRS | BBB (low) | Stable | BB (high) | Negative | |
| Jun 26, 2025 | S&P | BB+ | Negative | BB | Negative | |
| Jun 26, 2025 | Moody's | Baa2 | Negative | Baa3 | Stable | |
| Mar 06, 2025 | Fitch | BB+ | Stable | BB+ | Negative | |
| Jun 27, 2024 | Moody's | Baa2 | Stable | Baa2 | Negative | |
| Jan 18, 2024 | S&P | BB+ | Stable | BB+ | Negative | |
| Dec 16, 2022 | Fitch | BB+ | Stable | BB+ | Stable | |
| Oct 06, 2021 | Moody's | Baa2 | Negative | Baa2 | Stable | |
| Jul 01, 2021 | Fitch | BBB- | Negative | BB+ | Stable | |
| Jun 24, 2021 | DBRS | BBB | Negative | BBB (low) | Stable | |
| May 19, 2021 | S&P | BBB- | Negative | BB+ | Stable | |
| Dec 03, 2020 | Moody's | Baa2 | Stable | Baa2 | Negative | |
| Apr 06, 2020 | DBRS | BBB | Stable | BBB | Negative | |
| Apr 01, 2020 | Fitch | BBB | Negative | BBB- | Negative | |
| Mar 26, 2020 | S&P | BBB- | Stable | BBB- | Negative | |
| May 23, 2019 | Fitch | BBB | Stable | BBB | Negative | |
| May 23, 2019 | Moody's | Baa2 | Negative | Baa2 | Stable | |
| Feb 22, 2018 | Moody's | Baa2 | Stable | Baa2 | Negative | |
| Dec 12, 2017 | S&P | BBB | Negative | BBB- | Stable |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Colombia’s current credit rating?
Colombia’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Colombia’s credit risk.
Has Colombia’s credit rating changed recently?
This page lists the latest rating and outlook actions for Colombia, showing when each agency last reviewed or changed its assessment.
Why does Colombia’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Colombia's bond yields, currency, and equity flows as investors reassess risk.
How does Colombia’s rating compare to other countries?
You can explore how Colombia ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
Advertisement