RatingJun 17, 2026, 06:07 AM
Ecopetrol's S&P Global Ratings Affirmed at BB- (Stable); SACP bb+
AI Summary
Ecopetrol S.A. announced that S&P Global Ratings affirmed its global credit rating at BB- with a stable outlook and its Stand-Alone Credit Profile (SACP) at bb+. S&P highlighted the company's strengthened liquidity, including a $190 million committed credit facility, refinanced short-term debt, and higher operating cash flows. The rating agency expects Ecopetrol to maintain solid leverage metrics, with an adjusted net debt-to-EBITDA ratio near 2.0x, supported by a favorable price environment and no significant short-term debt increases. The stable outlook is linked to the Republic of Colombia's sovereign rating, reflecting Ecopetrol's importance to the Colombian economy.
Key Highlights
- S&P Global Ratings affirmed Ecopetrol's global credit rating at BB- with a stable outlook.
- S&P also affirmed Ecopetrol's Stand-Alone Credit Profile (SACP) at bb+.
- Ecopetrol secured a committed credit facility of approximately $190 million.
- The company refinanced its short-term debt maturities and benefited from higher operating cash flows.
- S&P expects adjusted net debt-to-EBITDA ratio to remain near 2.0x over the coming years.
- S&P projects a 25%-30% jump in revenue and an EBITDA margin of about 46% for 2026.
- S&P's stable outlook for Ecopetrol remains linked to the Republic of Colombia's sovereign rating.
Price Impact
More from EC