Business
S&P Global Ratings affirms Ecopetrol's Stand-Alone Credit Profile (SACP) while adjusting its global credit rating
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC, the "Company") informs that on June 27, 2025, the credit rating agency S&P Global Ratings downgraded Ecopetrol's global credit rating from BB+ to BB and maintained the negative outlook. This action is aligned with the downgrade of the Republic of Colombia's sovereign rating on June 26, 2025. Additionally, the agency affirmed Ecopetrol's Stand-Alone Credit Profile (SACP) at bb+.
About this update from Ecopetrol Sa
[{"type":"text","content":"BOGOTA, Colombia, June 27, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC, the "Company") informs that on June 27, 2025, the credit rating agency S&P Global Ratings downgraded Ecopetrol's global credit rating from BB+ to BB and maintained the negative outlook. This action is aligned with the downgrade of the Republic of Colombia's sovereign rating on June 26, 2025. Additionally, the agency affirmed Ecopetrol's Stand-Alone Credit Profile (SACP) at bb+.","length":496,"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":"In its report, S&P stated that Ecopetrol's global rating was adjusted in line with Colombia's sovereign rating and remains capped by it, due to the Company's significance in national revenue generation, its status as a government-related entity, and its role in the country's energy transition. The negative outlook on Ecopetrol reflects the sovereign's outlook.","length":386,"tagName":"p","attribs":{}},{"type":"text","content":"Regarding the stand-alone rating, the agency expects Ecopetrol to maintain its leverage ratio (debt/EBITDA) between 2.0x and 2.5x, with an EBITDA margin close to 40%. S&P also positively highlighted the Company's 2040 strategy, which focuses on growth prospects, reserve replacement, high operational availability of refineries, and strengthening the investment portfolio through business diversification.","length":413,"tagName":"p","attribs":{}},{"type":"text","content":"The full report issued by the agency on June 27, 2025, announcing the rating action, can be accessed in the link below:","length":119,"tagName":"p","attribs":{}},{"type":"text","content":"https://www.capitaliq.spglobal.com/web/client?auth=inherit#ratingsdirect/creditresearch?artObjectId=101631815","length":109,"tagName":"p","attribs":{}},{"type":"text","content":"Ecopetrol is...