Group 1 - The credit rating agency Fitch Ratings has maintained Ecopetrol's credit rating at BB+ with a stable outlook, reaffirming its national long-term and short-term ratings at 'AAA(col)' and 'F1+(col)', respectively, both with a stable outlook [5] - Ecopetrol is the largest company in Colombia, responsible for over 60% of the country's hydrocarbon production, and holds leading positions in various segments including petrochemicals and gas distribution [2] - The company has a significant international presence with operations in strategic basins across the Americas, including drilling and exploration in the United States (Permian Basin and Gulf of Mexico) and Brazil, as well as power transmission in Brazil, Chile, Peru, and Bolivia [2] Group 2 - The potential acquisition of assets in the Permian Basin is not expected to significantly impact Ecopetrol's credit profile according to Fitch Ratings [1] - Ecopetrol employs more than 19,000 individuals and is involved in energy transmission and real-time systems management through its acquisition of 51.4% of ISA's shares [2] - The company's business prospects and financial results are based on management's expectations and are subject to change due to market conditions, regulations, and the performance of the Colombian economy [2]
Fitch Ratings maintains Ecopetrol S.A.'s rating at BB+, with a stable outlook