Fitch affirms Ecopetrol

Fitch Ratings said it affirmed Ecopetrol SA's foreign and local currency issuer default ratings at BB+ and BBB-, respectively.

The outlook is stable.

Ecopetrol's ratings reflect its strong financial profile, improving production capacity and adequate reserve levels, the agency said, noting that Ecopetrol's growth strategy and associated capital investment are considered aggressive and could face particular challenges.

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