Moody’s Maintains Ecopetrol’s Global Credit Rating at Ba1 with a Stable Outlook

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) said in a statement that on February 24, 2025, Moody’s reported the results of its periodic review of Ecopetrol’s rating, maintaining its global credit rating at Ba1 with a stable outlook. Similarly, the individual rating remains at b1.

Moody’s noted that the global rating of ‘Ba1’ reflects the company’s status as the main producer of oil and gas in Colombia, with approximately 60% of the country’s production, its significant energy transmission business in Colombia and other Latin American countries, and the 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 Ecopetrol’s liquidity. It also mentioned that Moody’s expects that Ecopetrol’s financial obligations will continue to be supported by access to global and Colombian capital markets and government support.

Photo credit: Ecopetrol.