Colombia wanted investment grade from Standard & Poors…and didn’t get it. S&P reaffirms the current BB+ rating, one notch under IG and one notch into junk.
However Colombia’s bourse had a great day, up 2.7% on feelgood from the Dow plus Ecopetrol telling the world it had found a a very large quantity of oil in a field it shares with PRE.to. The new field has 500m barrels they say, which is officially known in the trade as a serious shitload.
Chile, and the latest opinion polls put the right wing Sebastian Piñera with a big lead over left wing Frei for the December Presidential elections…though “right” and “left” in Chile aren’t that far apart anyway.