Business
Moody's Affirms Ecopetrol's Global and Standalone Credit Ratings
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company" or "Ecopetrol") announces that the credit rating agency Moody's has affirmed the Company's global credit rating at Ba1 with a stable outlook. The agency also confirmed Ecopetrol's standalone rating at b1.
About this update from Ecopetrol Sa
[{"type":"text","content":"BOGOTA, Colombia, June 27, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company" or "Ecopetrol") announces that the credit rating agency Moody's has affirmed the Company's global credit rating at Ba1 with a stable outlook. The agency also confirmed Ecopetrol's standalone rating at b1.","length":341,"tagName":"p"},{"type":"image","alt":"Ecopetrol Logo.","displaySize":"","headline":null,"caption":"Ecopetrol Logo.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":141,"url":"https://media.zenfs.com/en/prnewswire.com/64c1ec96f8270155ad7ed5540c6b4ea8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/PbY7AoEKu.LFOtqk6.c4YQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI0OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/64c1ec96f8270155ad7ed5540c6b4ea8","width":400,"height":141}}},{"type":"text","content":"Moody's stated that the Ba1 global rating reflects Ecopetrol's position as Colombia's leading oil and gas producer, as well as its significant power transmission business in Colombia and other Latin American countries.","length":230,"tagName":"p"},{"type":"text","content":"The aforementioned factors support a global rating that is three notches above the Company's standalone rating, including the backing of the Colombian government through the gradual phase-out of fuel subsidies, as well as the reduction in accounts receivable related to the Fuel Price Stabilization Fund (FEPC), both of which have contributed to strengthening the Company's liquidity.","length":392,"tagName":"p"},{"type":"text","content":"Regarding the standalone rating, Moody's highlighted the strength and stability of the Company's cash flow, further supported by its power transmission subsidiary (ISA) and midstream affiliates, which together contributed 18% to EBITDA in 2024.","length":252,"tagName":"p"},{"type":"text","content":"The report issued by the rating agency on June 27, 2025, announcing the rating affirmation, can be accessed in the link below:","length":126,"tagName":"p"},{"type":"text","content":"https://www.moodys.com/research/docid--PR_509243","length":48,"tagName":"p"},{"type":"text","content":"Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 e...