Fitch Ratings has affirmed Ecopetrol S.A.'s credit rating at BB+ with a stable outlook, as announced in a report filed with the United States Securities and Exchange Commission for July 2024. The rating agency also confirmed Ecopetrol's national long-term and short-term ratings at 'AAA(col)' and 'F1+(col)', respectively, both with a stable outlook. Fitch highlighted Ecopetrol's robust financial profile, its strategic importance to Colombia, stable operating metrics, and its continued access to capital markets. The potential acquisition of assets in the Permian Basin is not expected to impact the company's credit profile significantly. Ecopetrol, Colombia's largest company, is a major player in the integrated energy sector in the Americas, with operations in hydrocarbon...Show More

Fitch Ratings has affirmed Ecopetrol S.A.'s credit rating at BB+ with a stable outlook, as announced in a report filed with the United States Securities and Exchange Commission for July 2024. The rating agency also confirmed Ecopetrol's national long-term and short-term ratings at 'AAA(col)' and 'F1+(col)', respectively, both with a stable outlook. Fitch highlighted Ecopetrol's robust financial profile, its strategic importance to Colombia, stable operating metrics, and its continued access to capital markets. The potential acquisition of assets in the Permian Basin is not expected to impact the company's credit profile significantly. Ecopetrol, Colombia's largest company, is a major player in the integrated energy sector in the Americas, with operations in hydrocarbon production, transportation, logistics, refining, petrochemicals, and gas distribution. It also has a significant presence in energy transmission, real-time system management, and road concessions through its 51.4% stake in ISA. Internationally, Ecopetrol is involved in strategic basins across the American continent, including the United States, Brazil, and through ISA, in power transmission and other sectors in Brazil, Chile, Peru, Bolivia, and telecommunications.