Moody’s Confirms Ecopetrol Investment Grade Rating

(Ecopetrol, 30.Jul.2019) — Ecopetrol S.A. announces that the rating agency Moody’s has kept the Company’s long-term international rating at Baa3, with stable outlook.

In its report, Moody’s highlighted the Company’s strength as a leading firm in Colombia, its operating performance and capital efficiency, as well as the stable cash generation of its Transportation and Logistics segment.

In the press release, Moody’s highlighted the Company’s positive cash levels, as well as the strength of its credit metrics, thanks to the debt prepayments it has made in recent years.

***

Please follow and like us:

Leave a Reply

Your email address will not be published. Required fields are marked *