Colombia markets volatile after second downgrade to ‘junk’ By Reuters – Investing.com

Colombia markets volatile after second downgrade to ‘junk’ By Reuters – Investing.com

By Rodrigo Campos and Marc Jones

(Reuters) - Colombia's markets slid on Friday but then recovered by late morning in volatile trading, a day after Fitch became the second major credit rating agency to downgrade the country's credit rating to 'junk'.

Investors expected the rating downgrade after a tax reform failed in Congress, leading to social unrest and costing the finance minister his job.