In December, Fitch Ratings upgraded its long-term foreign issuer default rating on Colombia, South America’s second-largest economy, to BBB from BBB-. The ratings agency also made the same move on Colombia’s senior unsecured foreign bonds. Colombia’s debt-to-GDP ratio of 37.1% is impressive, particularly when measured against developed markets and peer emerging markets. [Colombia Gets Ratings Upgrade]
Market Vectors Emerging Markets Local Currency Bond ETF
ETF Trends editorial team contributed to this post.