UPDATE 3- Colombia peace vote setback rattles markets, ratings agencies

lunes 3 de octubre de 2016 13:29 GYT

(Adds additional comment, S&P reaction, updates market reaction)

By Nelson Bocanegra and Julia Symmes Cobb

BOGOTA Oct 3 (Reuters) - Colombian financial markets slid on Monday on concern that voters' rejection of a peace deal with Marxist rebels could jeopardize tax reforms aimed at compensating for lost oil income, putting pressure on the nation's credit ratings.

Colombians voted narrowly against a pact with the Revolutionary Armed Forces of Colombia (FARC) in Sunday's referendum, plunging the nation into uncertainty.

The Colombian peso was down 1.7 percent, trimming steeper early losses, while locally-denominated Treasury bonds known as TES due in July 2024 fell 7 percent.

MSCI's iShares Colombia Capped ETF was down 3.5 percent, and Colombian U.S. dollar bonds opened multiple points lower on Monday. The Colombian Capitalization index was down more moderately, slipping 0.8 percent, with belwether Ecopetrol actually up slightly as oil prices rose.

The referendum result dented President Juan Manuel Santos' political standing, just a week before the government planned to unveil a tax reform that looks to hike revenue by between 1 percent and 2 percent of gross domestic product.

Even though it still has a legislative majority, the government may now be forced to water down the tax proposals due to a newly-emboldened opposition.

"The outcome was definitely a surprise and markets have backed up a bit and the currency has come off sharply," said Kevin Daly, a member of Aberdeen Asset Management's investment committee. "But this was not a Brexit situation. This was not a one-off vote and there is going to be some form of negotiation but at this stage it's anyone's guess how long this will take."   Continuación...