Ecopetrol S.A. announced that Moody's has maintained its global credit rating at Ba1 with a stable outlook, following a periodic review on February 24, 2025. The company's individual rating also remains at b1.
Moody's highlighted Ecopetrol's status as the primary producer of oil and gas in Colombia, accounting for approximately 60% of the country's production. The rating also reflects its significant energy transmission business across Latin America and stable cash flow from subsidiaries like Interconexión Eléctrica S.A. E.S.P. and Cenit SAS.
The rating agency noted the increase in Ecopetrol's production and the reduction of the Fuel Price Stabilization Fund (FEPC) balance, which supports the company's liquidity. Moody's expects Ecopetrol's financial obligations to continue being supported by access to capital markets and government backing.
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