Ecopetrol Rating Cut: Moody’s Drops Colombia Oil Giant to Ba2
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Key Points —Moody’s Ratings downgraded Ecopetrol’s global credit rating from Ba1 to Ba2 on Thursday, April 24, citing a weaker assessment of government support from Colombia (Baa3 stable). —The agency flagged higher risk of government interference, lower predictability of support mechanisms, and specific delays in Fuel Price Stabilization Fund (FEPC) payments. Outlook shifted from negative […]
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