Fitch: Challenges Ahead for Colombian Local & Regional Governments

BOGOTA, Colombia--(BUSINESS WIRE)-- Fitch Ratings has published a recent report: 'Colombian Subnationals' Tax-Collection Dashboard' explaining how some externalities have stressed the Colombian economy and how some measures could affect tax collection at the subnational level in the short and medium term.

The Dashboard report covers topics such as: challenges associated with the current state of the Colombian macroeconomic performance, such as stagnant industry and high dependence in construction, the possible elimination of some regional governments' monopolies, and the effects of the new anti-smuggling law on the subnationals' finances. Fitch does not expect large-scale changes in Local and Regional Governments' ratings over the short term.

Additional information is available at 'www.fitchratings.com'.

Colombian Subnationals' Tax-Collection Dashboard

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=868960

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150724005654/en/

Fitch Ratings

Carlos Vicente Ramirez
Senior Director
+1-571-326-9999 Ext. 1240

Andres Felipe Arteta
+1-571-326-9999 Ext. 1820

or

Media Relations

Alyssa Castelli, +1 212-908-0540

[email protected]

Source: Fitch Ratings

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• BlackJet Responds to Changing Private Travel Needs With Flexible Jet Card Options
• Temple’s Fademasterz Barber Academy Faces Scrutiny Over High Cost, Rigid Payment Rules, and Uncertain Payoff
• Implantica receives FDA approval for RefluxStop® - Opening the U.S. market