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Fitch acts on Colombian corporates
Fitch Ratings said it downgraded Ecopetrol SA, Oleoducto Central SA (Ocensa), A.I. Candelaria Spain, and Interconexion Electrica SA ESP (ISA) following last week's downgrade of Colombia's sovereign rating.
Fitch trimmed Ecopetrol and Ocensa to BB+ from BBB- and lowered A.I. Candelaria to BB from BB+.
The agency said the downgrades reflect direct and indirect linkages to Colombia’s sovereign rating.
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