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Fitch highlighted the company's linkage to the Republic of Colombia, which currently owns 88.5% of the voting shares, as well as the strategic importance of the company for the country.

The airline will change its name to Avianca Group International Ltd. once its principal domicile is established in the UK.

With the culmination of the purchase of a controlling 51.4% stake in Interconexión Eléctrica ("ISA"), the quarterly figures include the consolidated results of this subsidiary for one month.

The three weekly redeye flights will begin December 6th and tickets are on sale now. Cúcuta is Colombia's largest city on the Venezuelan border. The airport code is CUC.

The value of the shares would be reduced to 0 due to the decrease in equity attributable to the Debtors’ liabilities to third parties and creditors, as well as the injection of capital by new investors pursuant to the Chapter 11 plan.

S&P left Ecopetrol's individual standalone credit rating at 'bbb- ' with stable outlook, the company announced last week, after its acquisition of electrical grid operator ISA.

With the addition of the S4N team, EPAM now employs more than 1,500 IT professionals in LatAm and plans to add several thousand additional jobs over the coming years.

S&P says it may downgrade these companies in case of a similar rating action on Colombia. The firm could lower the sovereign ratings if the potential long-term damage caused by the pandemic, other domestic developments, or new external shocks, prevent the Colombian economy from...

The company estimates that in the second half of this year it will also begin wind energy potential measurements in the Colombian departments of Huila and Casanare on land adjacent to its local operations in those regions.

he fact that Ecopetrol has gone public with its intentions indicates the near certainty that a deal has been agreed upon in advance within Colombia’s government. It also reveals an intention of the Colombian government to raise cash without further direct indebtedness, by selling...