Fitch Ratings maintains Ecopetrol credit profile at BB

Fitch Ratings has maintained the long-term foreign and local currency issuer default ratings for Ecopetrol at BB, citing a stable outlook. The agency also affirmed the company's standalone credit profile, which reflects the firm’s operational performance within the energy sector.

The decision follows an assessment of the company’s current financial standing and its integration with the Colombian sovereign credit profile. Ecopetrol remains a significant entity in Colombia's economy, as its market position is intrinsically linked to the national fiscal strategy and energy production goals.

While the BB rating reflects the company's ability to navigate current market conditions, it continues to operate under the constraints of the global energy transition and volatile oil prices. The stable outlook indicates that Fitch expects the firm to maintain its current financial trajectory in the near term.