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The dividend is up slightly from the $0.125 USD-per-share dividend the Barranquilla company paid in the first quarter of 2017.

Fitch says the rating reflects the firm's good market position in windows, low cost base, and long-term expected growth rate.

Santiago Giraldo will replace Joaquin Fernandez, who will move to a new financial role related to the company's operating subsidiaries.

Moody’s Investors Service announced yesterday that it has downgraded Colombia’s government controlled petroleum company Ecopetrol’s senior unsecured ratings to Baa3 from Baa2. At the same time, the company’s BCA (Baseline Credit Assessment) was lowered to ba3 from...