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Prospect News home > News index > List of issuers E > Headlines for Ecopetrol SA (Empresa Colombiana de Petroleos) > News item |
Moody’s rates Ecopetrol notes Baa3
Moody's Investors Service said it assigned a Baa3 rating to Ecopetrol SA's planned 12 year Senior unsecured global notes for up to $1.85 billion.
Ecopetrol’s Baa3 issuer and senior unsecured ratings are unchanged, Moody’s said.
Ecopetrol will use the proceeds for a tender offer to purchase any of the outstanding $1.2 billion of 4 1/8% notes due 2025, and if available, for expenditures outside the company's investment plan.
The outlook is negative.
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