S&P Global Ratings Affirms Ecopetrol's Global and Stand-Alone Credit Ratings
With respect to the stand-alone rating, S&P highlighted the Company's continued strengthening of its liquidity sources, noting that
In addition, according to S&P, the Company is expected to maintain solid leverage metrics, with an adjusted net debt-to-EBITDA ratio close to 2.0x over the coming years, supported by a favorable price environment and no significant debt increases in the short term. These are S&P's own estimates and do not necessarily reflect the Company's internal estimates or guidance.
According to S&P,
The full report published by S&P is available below:
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This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements.
For more information, please contact:
Investor Relations Office
Email
:
investors@ecopetrol.com.co
Head
of Corporate Communications (Colombia)
Marcela Ulloa
Email
:
marcela.ulloa@ecopetrol.com.co
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SOURCE Ecopetrol S.A.