Business
Moody's Downgrades Ecopetrol's Global Credit Rating to Ba2 and Affirms Its Stand‑Alone Credit Profile at b1
Ecopetrol S.A (BVC: ECOPETROL; NYSE: EC) hereby informs that today, the credit rating agency Moody's Ratings downgraded the Company's global credit rating from Ba1 to Ba2 and revised the outlook from stable to negative. In contrast, the agency affirmed Ecopetrol's Baseline Credit Assessment (BCA), or stand‑alone credit profile, at b1, highlighting the Company's intrinsic strength.
About this update from Ecopetrol Sa
[{"type":"text","content":"BOGOTA, Columbia, May 6, 2026 /PRNewswire/ -- Ecopetrol S.A (BVC: ECOPETROL; NYSE: EC) hereby informs that today, the credit rating agency Moody's Ratings downgraded the Company's global credit rating from Ba1 to Ba2 and revised the outlook from stable to negative. In contrast, the agency affirmed Ecopetrol's Baseline Credit Assessment (BCA), or stand‑alone credit profile, at b1, highlighting the Company's intrinsic strength.","length":445,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Ecopetrol S.A.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Ecopetrol S.A.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":141,"url":"https://media.zenfs.com/en/prnewswire.com/e8cafca3c864cd1d6b9d7e5819c8e320"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/lou8TRlUeger3m6rv9vXmA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI0OQ--/https://media.zenfs.com/en/prnewswire.com/e8cafca3c864cd1d6b9d7e5819c8e320","width":400,"height":141},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/F5UP8FhmmBty4ROB3jtkQg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTIyNg--/https://media.zenfs.com/en/prnewswire.com/e8cafca3c864cd1d6b9d7e5819c8e320","width":400,"height":141}},"href":"https://mma.prnewswire.com/media/2321203/ecopetrol_s_a__logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"According to Moody's, the downgrade to Ba2 with a negative outlook is mainly driven by a less favorable view on the support from the Government of Colombia, stemming from an increased perception of potential government interference and reduced clarity regarding the timeliness and predictability of support mechanisms, particularly those related to the Fuel Price Stabilization Fund (FEPC). In this context, Moody's also included considerations related to Ecopetrol's corporate governance and its influence on the rating.","length":533,"tagName":"p"},{"type":"text","content":"Additionally, Moody's incorporated the possibility of higher refinancing risk associated to a potential material merger and acquisition transaction financed with short‑term debt. Nevertheless, the agency highlighted that the Company has strong sources of liquidity that support its financial profile.","length":309,"tagName":"p"},{"type":"text","content":"Moody's reaffirmed Ecopetrol's stand‑alone c...