PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 27.Feb.2025) — Moody’s reported the results of its periodic review of Ecopetrol S.A. on 24 Feb. 2025 of the company’s rating, maintaining its global credit rating at Ba1 with a stable outlook.
Similarly, the individual rating remains at b1, Ecopetrol announced 27 Feb. 2025 in an official statement.
Moody’s said the global rating of ‘Ba1’ reflects Ecopetrol’s status as the main producer of oil and gas in Colombia, with approximately 60% of the country’s production, as well as its significant energy transmission business in Colombia and other Latin American countries, and a solid and stable cash flow in its subsidiaries Interconexión Eléctrica S.A. E.S.P. (ISA) and Cenit SAS.
Moody’s highlighted the increase in production and the reduction of the balance of the Fuel Price Stabilization Fund (FEPC), which supports Ecopetrol’s liquidity. The rating agency also expects Ecopetrol’s financial obligations will continue to be supported by access to global and Colombian capital markets, and government support.
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By Piero Stewart reporting from Panama City. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
