MEDELLIN, Colombia, June 20 /PRNewswire-FirstCall/ -- Moody's Investors Services upgraded to Ba2, with a stable outlook from Ba3, the foreign-currency deposit ratings assigned to Bancolombia. At the same time, Moody's upgraded Bancolombia's foreign currency subordinated bond rating to Baa3 from Ba1, with a stable outlook. The bank financial strength ratings (BFSR) and global local currency deposit ratings were not affected by this rating action. Contacts Sergio Restrepo Executive VP Tel.: (574) 5108668 Jaime A. Valasquez Financial VP Tel.: (574) 5108666 Juan Esteban Toro IR Manager Tel.: (574) 5108866 DATASOURCE: Bancolombia S.A. CONTACT: Sergio Restrepo, Executive VP, +011-574-5108668, or Jaime A. Valasquez, Financial VP, +011-574-5108666, or Juan Esteban Toro, IR Manager, +011-574-5108866, all of Bancolombia S.A. Web site: http://www.bancolombia.com.co/

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