S&P Affirms Ecopetrol's BB- Credit Rating with Stable Outlook
EC sits 90% above its 52-week low of $8.265.
Summary
S&P Global Ratings affirmed Ecopetrol's BB- credit rating and stable outlook, citing improved liquidity and financial performance, which signals a halt to recent negative rating trends.
Key Events · Corporate Governance and Compliance · EC
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Credit Rating Affirmed
S&P Global Ratings affirmed Ecopetrol's global credit rating at BB- with a stable outlook, and its Stand-Alone Credit Profile (SACP) at bb+.
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Strengthened Liquidity
S&P highlighted Ecopetrol's improved liquidity, including a new $190 million committed credit facility and successful refinancing of short-term debt maturities.
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Positive Financial Outlook
S&P forecasts a 25-30% jump in revenue and an EBITDA margin of approximately 46% for 2026, supported by a favorable commodity price environment.
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Stable Leverage Metrics
The company is expected to maintain an adjusted net debt-to-EBITDA ratio near 2.0x over the coming years, with no significant new debt anticipated.
Analysis · EC · Energy & Transportation
S&P Global Ratings affirmed Ecopetrol's global credit rating at BB- with a stable outlook, and its Stand-Alone Credit Profile at bb+. This follows recent downgrades by both S&P and Moody's. S&P cited strengthening liquidity, successful debt refinancing, and higher operating cash flows. The agency forecasts improved revenue and EBITDA margins, and expects solid leverage metrics, indicating a stabilization of the company's financial position after a period of negative credit rating actions.
At the time of this filing, EC was trading at $15.70 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $33.8B. The 52-week trading range was $8.27 to $16.81. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.