European Parliament Library

Colombia :, Selected Issues Paper

This Selected Issues paper on Colombia shows that achieving investment grade status would help lower financing costs for the sovereign, and expand the pool of potential buyers of the Colombian economy. Colombia’s debt levels as of end-2008 were broadly similar to the average for investment grade emerging markets, suggesting that other indicators are taken into account in rating agencies’ assessments. A stronger process of fiscal consolidation that results in a significant decline in public sector debt could help compensate the structural weaknesses
Table Of Contents
Cover; Contents; I. Determinants of Investment Grade Status and Implications for Colombia's Public Debt; A. Introduction; B. Background and Literature Review; Tables; I. 1. Sovereign Credit Ratings by Agency; C. Empirical Model Specification; 2. Main Studies on the Determinants of Sovereign Ratings; 3. Explanatory Variables and Expected Sign; D. Data and Estimation Results; 4. Descriptive Statistics of Countries in the Sample and Investment Grade Status; 5. Test of Equality of Means and Medians of Country Characteristics, by Investment Grade Rating; 6. Regression Results; Figures
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (40 p.)
Specific Material Designation
Form Of Item

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