Fitch rates Ecopetrol notes BB+

Fitch Ratings said it assigned a BB+ rating to Ecopetrol's new issuance of up to $2 billion of senior unsecured notes with a long five-year maturity and a tap option due 2033.

The rating is the same as Fitch’s ratings on Ecopetrol’s outstanding senior unsecured notes.

The proceeds will be used for general corporate purposes which may include prepayment of current maturities and the company's investment plan for the remainder of 2023.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.