Fitch Ratings Maintains Ecopetrol’s Rating at BB+, with a Stable Outlook

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(Ecopetrol, 18.Nov.2022) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the rating agency Fitch Ratings maintained the company’s credit rating at “BB+”, with a stable outlook, and the company’s individual credit rating (Stand-Alone, excluding the Government’s support) at “bbb”.

The rating agency highlighted Ecopetrol’s liquidity profile, which is supported by cash generation, access to capital markets and an adequate debt structure. It also mentioned the importance of receiving government funds through the account receivable from the Fuel Price Stabilization Fund (FEPC).

Fitch also highlighted Ecopetrol’s strategic relevance for Colombia, as the Nation is holder of 88.5% of its voting share capital.

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