S&P boosts three Colombian projects, Oleoducto debt

Standard & Poor's said it raised the long-term foreign currency ratings on three Colombian projects - Centragas-Transportadora De Gas De La Region Central de Enron Development and Cia. S.C.A. (BB+/stable), Compania De Desarrollo Aeropuerto Eldorado SA (BB+/stable) and TransGas de Occidente SA (BB+/stable) - and capital stock company Oleoducto Central SA's $650 million debt (BB+/stable) to BB+ from BB.

These actions follow the raising of the long-term foreign currency rating and the long-term local currency sovereign rating on the Republic of Colombia to BB+ from BB and to BBB+ from BBB, respectively, based on the country's significantly improved growth prospects, the agency said.

S&P noted that the outlook on the long-term foreign and local currency ratings on Colombia is stable.

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