Fitch Co-Head of America’s Sovereigns Francis expressed concern about Colombia’s fiscal and economic prospects, suggesting a possible negative rating revision in the future. He highlighted the country’s loss of investment grade due to low credibility in fiscal policy and projected that Colombia would not meet its fiscal rule this year. It typically takes 6 to 7 years for a country to regain investment grade, and for Colombia, achieving a lower debt-to-GDP ratio and sustaining a 3.5% growth rate over the medium term are necessary.