S&P affirms Ocensa

S&P said it affirmed the BBB long-term corporate credit and debt ratings on Oleoducto Central SA (Ocensa).

The outlook remains negative.

The agency said the affirmation reflects an expectation that the company will remain a core subsidiary of Ecopetrol.

“We believe that Ocensa's operations are integral to the parent's operations and strategy. In our opinion, the company could receive support from its parent under any circumstance. As a result, we equalize the ratings and outlook of both companies,” S&P said in a news release.

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