Moody's affirmed Ecopetrol's Baa3 rating and does not foresee a change in the next 12 months: outlook remains negative

According to Moody's most recent report, Ecopetrol's rating outlook would stabilize if the company manages to refinance its 2024 and 2025 debt maturities in the next six months. In turn, an upgrade to Ecopetrol's ba3 BCA or Baa3 rating is unlikely in the next 12 months given the negative rating outlook. However, Moody'

Por Redacción

22 may 2024, 15:30 · 3 min de lectura

Primera Página - Agencia de Noticias -

Bogotá.- Moody's Investors Service affirmed Ecopetrol S.A.'s Baa3 ratings with global notes for up to US$1.85 billion, with outlook that remains negative.

The rating agency says that the net proceeds from the proposed issuance will be used for a tender offer to purchase any and all of the outstanding US$1.2…

Moody's affirmed Ecopetrol's Baa3 rating and does not foresee a change in the next 12 months: outlook remains negative

Más en Inglés

Ante la decisión de tasas del Banco de la República, hoy en Colombia el dólar podría tener una volatilidad estimada de $50

President Petro denounced a coup d'état in his meeting with the diplomatic corps and said that there was a criminal alliance against the popular vote in the cou

Extinction of ownership of assets for $109,390 million of the drug trafficker Helmann Yesid Novoa Gómez, better known as "El Socio"

Weinstein requires seven Procaps executives to retain all documents and materials related to his lawsuit