Standard & Poor's Archives - Energy Analytics Institute (EAI)

S&P affirms ECOPETROL’s global and stand-alone credit ratings

BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 17.Jun.2026, Words: 234) — S&P Global Ratings affirmed ECOPETROL S.A.‘s global credit rating at BB- with a stable outlook, as well as ECOPETROL’s stand-alone credit profile (SACP) at bb+. With respect to the stand-alone rating, S&P highlighted ECOPETROL’s continued strengthening of its liquidity […]

PEMEX and CFE outlooks revised to negative on same action on sovereign, S&P says

MEXICO CITY, MEXICO (By S&P Global Ratings, 13.May.2026, Words: 789) — S&P Global Ratings revised its rating outlooks on state-owned Petroleos Mexicanos (Pemex) and Comision Federal de Electricidad (CFE) to negative to mirror the same rating action on Mexico. The negative rating outlook on Mexico reflects the risk of very slow […]

PRESS DIGEST 13 MAY 2026: PEMEX/CFE downgraded; Salina Cruz refinery tragedy

MONTERREY, MEXICO (By editors with Energy Analytics Institute, 13.May.2026, Words: 366) — The following briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond and span company details on CAMIN, Mayfair Gold Corp., PEMEX, and CFE, among others. Energy Analytics Institute (EAI) has not […]

S&P revises outlook for Mexico to negative on weakening fiscal flexibility

MEXICO CITY, MEXICO (By S&P Global Ratings, 12.May.2026, Words: 2016) — S&P Global Ratings revised its outlook on the long-term ratings on Mexico to negative from stable. We affirmed the ‘BBB’ long-term foreign currency and ‘BBB+’ long-term local currency sovereign credit ratings on Mexico. We also affirmed our ‘A-2’ short-term ratings […]

S&P affirms Ecopetrol’s SACP, revises global credit rating

BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 9.Apr.2026, Words: 146) — S&P Global Ratings, in its report dated 8 Apr. 2026, revised Ecopetrol‘s global credit rating from BB to BB-, with a stable outlook, in line with the adjustment made to the sovereign credit rating of the Republic of Colombia on […]

Colombia’s Ecopetrol downgraded to ‘BB-‘ from ‘BB’ by S&P Global Ratings; outlook stable

BOGOTÁ, COLOMBIA (By S&P Global Ratings, 10.Apr.2026, Words: 882) — On 8 Apr. 2026, S&P Global Ratings lowered its long-term foreign currency sovereign credit rating on Colombia to ‘BB-‘ from ‘BB’ and long-term local currency sovereign credit rating to BB’ from ‘BB+’ because of continued underperformance in its fiscal consolidation amid […]

S&P outlook: Venezuela and the global oil market

WASHINGTON, DC (By S&P, 9.Feb.2026, Words: 923) — Recent weeks have produced developments in international oil politics that would once have been expected to rattle markets: a US operation to apprehend Venezuela’s president, explicit statements by president Trump that the United States intends to “run” Venezuela during a transition, and […]

Pemex boasts $11.3bn purchasing agreement, $9.9bn bond buyback during 3Q:25

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 27.Oct.2025, Words: 560) — Petróleos Mexicanos (Pemex) said its operations remained stable throughout its main business lines during the third-quarter 2025 (3Q.25). During the 3Q:25, Pemex reported liquid fossil fuel production averaged 1.65 million barrels per day (MMb/d), while natural gas […]

EAI Brief: Moody’s Ratings and S&P Global downgrade their ratings on Colombia

HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 26.Jun.2025, Words: 231) — The credit rating agencies Moody’s Ratings and S&P Global revised their ratings on Colombia. Moody’s lowered its rating from Baa2 to Baa3 with a stable outlook, while S&P downgraded its rating from BB+ to BB with a negative […]

S&P maintains Ecopetrol’s global credit rating at BB+ [10-pg PDF download]

MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 5.Jun.2025, Words: 259) — S&P Global Ratings will maintain Ecopetrol SA‘s global credit rating at BB+ as well as its negative outlook. Additionally, analysts with the rating agency based in Mexico City lowered the Colomiain state-owned company’s stand alone credit profile (SACP) […]

Fallen Angels Remain Costly Despite Tightening Spreads

(S&P Global Ratings, 19.Aug.2024) — The absolute cost of falling to speculative-grade (to ‘BB+’ from ‘BBB-‘) for U.S. corporates has shrunk considerably to 24 basis points (bps) as of 31 Jul. 2024, from 54 bps the year prior, S&P Global Ratings said in “The Cost Of A Notch: Fallen Angels […]

Pemex to Remain A Fiscal Challenge for Next President of Mexico

(S&P Global Ratings, 15.Apr.2024) — Mexico’s relationship with state-owned oil giant Pemex will remain a fiscal challenge for the country’s next presidential administration, said S&P Global Ratings in “Pemex Will Remain A Fiscal Challenge For Mexico’s Next President.” The national elections in June encompass the presidency and both chambers of […]

S&P Maintains Ecopetrol’s Credit Rating at BB+

(Ecopetrol, 19.Jan.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that S&P Global Ratings modified the outlook of Ecopetrol’s credit rating from stable to negative, as a result of the review in the outlook of Colombia’s credit rating, also from stable to negative. Likewise, S&P confirmed that Ecopetrol’s global rating is maintained […]

US Corporate Defaults Fueled 80% Jump in Global Tally in 2023

(S&P Global Ratings, 16.Jan.2024) — The number of global corporate defaults rose 80% in 2023, S&P Global Ratings Credit Research & Insights said today in a new report, and more credit deterioration is likely in 2024 amid slowing economic growth and high financing costs. In “Corporate Defaults Jumped 80% In […]

Brazil Long-Term Ratings Upgraded To ‘BB’ From ‘BB-‘

(S&P Global, 19.Dec.2023) — S&P Global Ratings raised its long-term global scale ratings on Brazil to ‘BB’ from ‘BB-‘. The outlook on the long-term ratings is stable. We affirmed Brazil’s global scale short-term ratings at ‘B’ and our national scale long-term rating at ‘brAAA’. We also raised the transfer and […]

S&P Confirms Ecopetrol’s Long-term International Rating

(S&P, 1.Jul.2022) — Ecopetrol S.A. (BVC: ECOPETROL) (NYSE: EC) reports that the rating agency Standard & Poor’s (S&P) confirmed Ecopetrol’s long-term international rating at BB+, with a stable outlook, and the Company’s individual credit rating (Stand-Alone) at ‘bbb-‘. The credit rating reflects the stability of the company’s financial results, in […]

Trinidad Petroleum Vows to Fix Debt after S&P Downgrade

(Trinidad and Tobago Newsday, 4.Feb.2022) — S&P Global Ratings has downgraded Trinidad Petroleum Holdings Ltd‘s (TPHL) rating from BB to B+ in its latest overview on Wednesday. The company attributed the downgrade to the delayed issuance of TPHL’s 2019 consolidated audited financial statements, and the tight maturity profile of upcoming […]

S&P Maintains Ecopetrol Rating At BB+

(Ecopetrol, 18.Aug.2021) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE; EC) announced that the risk rating agency Standard & Poor’s maintained the international long-term rating of Ecopetrol at BB+ and the individual credit rating (Stand Alone) at ‘bbb- ‘, with stable outlook. The agency highlighted the company’s strategic relevance for Colombia and the […]

S&P: We Expect Oil, Gas Output To Rise

(Trinidad Express, 29.Jul.2021) — Rating agency Standard and Poor’s says it expects T&T’s oil and natural gas production to rise next year. But the rating agency, which assessed T&T as a BBB- investment-grade rating this week, said it does not expect the increased production to result in the domestic economy […]

S&P Upgrades Petrobras’ Credit Profile

(Petrobras, 28.Jul.2021) — Petrobras informs that the rating agency S&P Global Ratings raised its stand-alone credit profile (intrinsic risk) by one notch, from “bb” to “bb+”. The agency affirmed the global scale rating of the company’s corporate debt at “BB-“, two levels below the stand-alone credit profile, due to Brazil’s […]

S&P Changes Petrobras’ Rating To Stable

(Petrobras, 7.Apr.2020) — Petrobras informs that S&P Global Ratings Agency (S&P) has changed the company’s global credit rating outlook from positive to stable, and has kept the risk level (rating) of corporate debt at “BB-“. Yesterday the agency revised Brazil’s global credit rating outlook to stable due to the impact […]

Trinidad Downgraded By Standards And Poor’s

(Guardian, Curtis Williams, 9.Jul.2019) — Trinidad and Tobago has suffered a downgrade in its sovereign ratings from credit rating agency Standard and Poor’s. In its update on this country, S&P said the decision to downgrade T&T was based on lower-than-expected energy production and economic growth which it expects to weaken […]

S&P Raises Petrobras Stand-Alone Credit Profile

S&P Maintains Ecopetrol Credit Rating

(Ecopetrol S.A., 1.Jul.2015) – Ecopetrol S.A. reported that the credit rating agency Standard & Poor’s has maintained Ecopetrol’s long term corporate credit rating at BBB with a stable outlook. S&P’s mentioned that the new strategy presented by the company is in line with the current oil market conditions and prioritizes […]