Moody's will open a new local risk rating agency in Colombia after receiving the green light from the Superfinanciera
Portafolio Journalist 03/04/2026 12:48 Updated: 03/04/2026 12:51
TL;DR
- The Superintendencia Financiera authorized Moody's to open a local risk rating agency in Colombia via Resolution 0347 on February 17, 2026.
- The new entity will be named Moody’s Local CO S.A. Sociedad Calificadora de Valores and will operate under strict state supervision with an initial capital of $3.858 million.
- Moody’s International LLC will hold a 94.99% stake, with other group subsidiaries holding the remainder.
- Moody's Corporation, based in Delaware, USA, will have an indirect 100% ownership.
- This expansion makes Colombia the 14th country in the region where Moody's will have its own operations.
- The new company has two months to formalize its statutes and one year to apply for an operating certificate.
- During the pre-operating period, the entity can only conduct internal organization and cannot issue risk ratings or evaluations.