Fitch bajó calificación crediticia de Ecopetrol a BB con perspectiva 'estable' tras el ajuste a la baja a Colombia
Los motivos por los cuales debería trabajar en Ecopetrol. Foto: Ecopetrol
TL;DR
- Fitch Ratings downgraded Ecopetrol's global rating from BB+ to BB with a 'stable' outlook.
- The downgrade is in line with the downgrade of Colombia's sovereign rating to BB.
- Fitch highlighted the strong link between Ecopetrol and the sovereign, limiting the company's credit profile.
- Ecopetrol's rating is capped due to the absence of legal separation of cash flows and significant government control.
- Ocensa's long-term credit rating was also downgraded from BB+ to BB with a Stable Outlook.
- Ocensa's rating is closely linked to Ecopetrol, its main customer and the country's largest oil producer.
- Fitch maintained Ecopetrol's Stand Alone Credit Profile (SACP) at 'bbb-', which is considered investment grade.
- This 'bbb-' SACP suggests that Ecopetrol has strong standalone fundamentals beyond the country's macroeconomic and fiscal environment.
- The downgrades are part of a broader review of Colombian companies following the sovereign downgrade.