Fitch Ratings confirms Ecopetrol S.A.'s investment grade rating
Ecopetrol S.A. American Depositary Shares (EC)
US:NYSE Investor Relations:
ecopetrol.com.co/wps/portal/web_es/ecopetrol-web/corporate-responsibility/sustainability/bank-of-best-practices/investors
Company Research
Source: PR Newswire
BOGOTÁ, Colombia, Dec. 3, 2019 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL, NYSE: EC) reports that the risk-rating agency Fitch Ratings has maintained the company's credit rating at BBB with negative outlook, and its stand-alone rating (without incorporating government support) at bbb.In the press release, Fitch noted the strength of Ecopetrol's financial profile, due to the continuous improvement in its credit metrics in 2019. The agency also emphasized the company's solid liquidity position, supported by its cash deposits, positive cash flow generation, strong access to the capital markets and adequate debt maturity profile.In its report, the rating agency noted the improvement in reserves life in 2018 to 7.2 years, from 6.8 years in 2016, as a result of a reserves replacement ratio of 129%.The rating agency also highlighted the company's close relationship with the Colombian government and its strategic importance for the country. The negative outlook is in line with the outlook
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News
- Ecopetrol presents its fourth report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) [Yahoo! Finance]Yahoo! Finance
- Ecopetrol presents its fourth report on climate change management following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)PR Newswire
- Ecopetrol S.A. (NYSE: EC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Ecopetrol SA (EC) Q3 2024 Earnings Call Highlights: Record Production and Strategic Investments ... [Yahoo! Finance]Yahoo! Finance
- Ecopetrol S.A. (EC) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
EC
Sec Filings
- 11/21/24 - Form 25-NSE
- 11/20/24 - Form 6-K
- 11/13/24 - Form 6-K
- EC's page on the SEC website