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    Reuters An employee counts Colombian pesos at a store in Bogota, Colombia December 28, 2018. REUTERS Colombia s loss of its S&P Global investment grade status last week has not only raised the usual question of who is next but also whether the number of countries seemingly being spared points to a moving of the ratings goalposts. ); } Being stripped of one s investment grade credit rating - which can push up borrowing costs - is chastening for any government, but Colombia is by no means alone. Over the past decade Brazil, South Africa, Turkey along with more than half a dozen others have become fallen angels , as a demotion to junk is known in rating agency parlance, and COVID-19 pressures mean plenty more are in danger.

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