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Banco de Comercio Exterior de Colombia S.A. (BANCOLDEX)

Ratings Detail (As Of January 26, 2010)*(cont.)

14-Jul-2003

BB/Stable/--

Sovereign Rating Colombia (Republic of) Foreign Currency Local Currency

BB+/Stable/B BBB+/Stable/A-2

*Unless otherwise noted, all ratings in this report are global scale ratings. Standard & Poor's credit ratings on the global scale are comparable across countries. Standard & Poor's credit ratings on a national scale are relative to obligors or obligations within that specific country.

www.standardandpoors.com/ratingsdirect

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