Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Ecopetrol SA (Empresa Colombiana de Petroleos) > News item |
Fitch affirms Ecopetrol
Fitch Ratings said it affirmed Ecopetrol SA's long-term foreign and local currency issuer default ratings at BBB.
The agency also affirmed the company's national long- and short-term ratings at AAA(col)/F1+(col).
The outlook is stable.
“Ecopetrol's ratings reflect the close linkage with the Republic of Colombia (foreign and local currency IDRs of BBB/stable), which currently owns 88.5% of the company,” Fitch said in a news release.
“Ecopetrol's ratings also reflect the company's strategic importance for the country as well as its ability to maintain a solid financial profile despite the decrease in hydrocarbon prices.”
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.