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Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (Ecopetrol) informs that, on February 24, 2025, Moodys reported the results of its periodic review of the Companys rating, maintaining its global credit rating at Ba1 with a stable outlook. Similarly, the individual rating remains at b1. Moodys noted that the global rating of Ba1 reflects the Companys status as the main producer of oil and gas in Colombia, with approximately 60% of the countrys production, as well as its significant energy transmission business in Colombia and other Latin American countries, and a solid and stable cash flow in its subsidiaries Interconexión Eléctrica S.A. E.S.P. and Cenit SAS. The rating agency highlighted the increase in production and the reduction of the balance of the Fuel Price Stabilization Fund (FEPC), which supports the Companys liquidity, and mentioned that Moodys expects that Ecopetrols financial obligations will continue to be supported by access to global and Colombian capital markets, and government support. |
