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Stock impact report

Fitch Ratings maintains Ecopetrol's overall credit rating at BB+ and stable outlook.

Ecopetrol S.A. American Depositary Shares (EC) 
Company Research Source: PR Newswire
BOGOTA, Colombia, Nov. 8, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company" or "Ecopetrol") informs that Fitch Ratings  reported on November 6, 2024, that it has maintained the global credit rating of the Company at BB+ with a stable outlook. Additionally, the agency has downgraded the Standalone Credit Profile ("SCP") from 'bbb' to 'bbb-' and affirmed the national long-term and short-term ratings of Ecopetrol at 'AAA (col)' with a Stable Outlook and 'F1+(col)', respectively.Fitch noted that the global rating of 'BB+' reflects the stable operational condition of the Company as the leading producer of oil and gas in Colombia, as well as its significant energy transmission business in Colombia and other Latin American countries through its subsidiary Interconexión Eléctrica S.A. E.S.P -ISA. The agency indicated Ecopetrol's strategic importance and ability to maintain a solid financial profile.The evaluation of the aforementioned factors and the other consider Show less Read more
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