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Bogot? Distrito Capital Nov 11
Standard & Poors, Nov 2011
Abstract
Status as a major economic center with higher growth expectations than Latin American peers in 2011 and 2012; Solid financial indicators; and Adequate management, with prudent financial policies expected to continue through the upcoming political transition. Significant infrastructure needs that may require additional debt in the next two years; and An only partially funded pension liability. Standard & Poor's Ratings Services' ratings on Bogot- Distrito Capital reflect its economic and strategic importance to the Republic of Colombia (foreign currency: BBB-/Stable/A-3; local currency: BBB+/Stable/A-2), consistently strong financial performance as demonstrated by solid operating surpluses as of September 2011 and over the years, and adequate liquidity position before financial obligations. Also, it reflects the prudent financial policies that the District has maintained...
Companies mentioned in this report are: Bogota Distrito Capital,Colombia (Republic of)
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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