Moody's upgrades Colombia notes to Aaa

Moody's Investors Service said it upgraded the global foreign-currency rating of the Republic of Colombia 9.75% amortizing notes due 2011 to Aaa from Ba2.

The upgrade of the notes is based on the full coverage of the remaining debt service payments on the notes by a guaranty provided by the International Bank for the Reconstruction and Development (World Bank), rated Aaa, according to the agency.

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