(Ecopetrol, 23.Nov.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) reports that Fitch Ratings affirmed the company’s credit rating at BB+ with a stable outlook and the stand-alone rating at bbb (without incorporating government support).
Fitch highlighted the company’s linkage to the Republic of Colombia, which currently owns 88.5% of the voting shares, as well as the strategic importance of the company for the country. Likewise, Fitch recognizes Ecopetrol’s ability to maintain a solid financial position.
Finally, the rating agency emphasized Ecopetrol’s liquidity, supported by its cash generation, proven access to the capital markets and adequate debt maturity profile.
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