New York, November 08, 2016 -- Moody's Investors Service today downgraded Bancolombia S.A.'s standalone baseline credit assessment (BCA) and adjusted BCA to ba1, from baa3, and its long-term foreign currency subordinated debt to Ba2, from Ba1. At the same time, Moody's affirmed the bank's long- and short-term global local and foreign currency deposit ratings of Baa2 and P-2, respectively, and long-term foreign currency senior unsecured debt rating of Baa2 with a stable outlook.

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