Moody's Downgrades Ecopetrol's Credit Rating to Ba2
Credit rating agency Moody's downgraded Ecopetrol's global credit rating from Ba1 to Ba2 and revised its outlook to negative, citing concerns over potential government interference in Colombia. However, the firm affirmed Ecopetrol’s stand-alone credit profile at b1 due to strong liquidity and business fundamentals.
Tickers: $EC
Topics: Colombia corporate governance credit rating Ecopetrol government support Moody's