(Ecopetrol, 30.Jul.2024) — Ecopetrol S.A. said the credit rating agency Fitch Ratings maintained the company’s credit rating at BB+ with a stable outlook. Additionally, the agency reaffirmed the company’s national long- and short-term ratings at ‘AAA(col)’ and ‘F1+(col)’, respectively, both with a stable outlook.
The rating agency highlighted Ecopetrol’s solid financial profile, the strategic importance of the company for Colombia, stable operating metrics, as well as the available cash and continued access to capital markets. On the other hand, according to the agency’s estimates, the potential acquisition of assets in the Permian Basin is not expected to significantly affect the company’s credit profile.
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