Finance Colombia » Grupo Energía Bogotá

Fitch Downgrades EPM, Citing “Deterioration Of Corporate Governance” After Medellín Mayor’s Usurpations

After the entire board of directors resigned in protest of Medellín Mayor Daniel Quintero's usurpation of board prerogative and corporate governance, international ratings firm Fitch has downgraded EPM's credit rating, and placed it on a negative ratings watch.

Posted On August 17, 2020

, By Loren Moss

EPM Headquarters Building in Medellín's Plaza Mayor

EPM’s New Dollar-Denominated Debt Rated As BBB By Fitch

Fitch Ratings has assigned a long-term 'BBB' rating to Empresas Publicas de Medellin E.S.P.'s (EPM) proposed senior unsecured U.S. dollar debt issuance that matures in 2031. Fitch has also assigned a long-term 'BBB' rating to the company's proposed reopening of its 8.375% senior...

Posted On July 8, 2020

, By Loren Moss

ecopetrol colombia fitch ratings bogota juan carlos echeverry

Fitch Downgrades Ecopetrol, Ocensa, Candelaria; Sura, Emgesa, UNE EPM, Isagen, GEB, TGI Stay Strong

The rating downgrades of Ecopetrol, OCENSA and A.I. Candelaria reflect the direct and indirect linkage of these companies to the Sovereign Rating downgrade of Colombia, which Fitch downgraded to 'BBB-' from 'BBB'. The ratings for Emgesa, Isagen and UNE EPM Telecomunicaciones have...

Posted On April 8, 2020

, By Loren Moss

Colombian Utilities Meet With Governor of La Guajira Over Potential Renewable Energy, Social Inclusion

Last week, a meeting was held between Governor Nemesio Roys Garzón of the Colombian department of La Guajira and representatives of ANDESCO, or the National Association of Public Service & Communications Enterprises, representing the public utility & telecom sectors in...

Posted On February 27, 2020

, By Loren Moss

off

Colombia’s 1st Renewable Energy Auction Faces Peculiar Challenges

Colombia’s First Renewable Energy Auction has been set for October 22, 2019. The government has published the PPA (Power Purchase Agreement) contract and its terms of reference. There have been several relevant modifications to the auction’s design intended t...

Posted On July 18, 2019

, By Francisco Sanclemente