Fitch Ratings Revises Ecopetrol S.A.´s Outlook in Line with the Action Taken on the Colombia´s Sovereign Rating Outlook
BOGOTA, Colombia, May 27, 2019 /CNW/ -- Ecopetrol (BVC: ECOPETROL, NYSE: EC) reports that, Fitch Ratings revised Ecopetrol´s Outlook to Negative from Stable, as a consequence of the adjustment made to the Colombia´s Sovereign Rating Outlook.
Fitch Ratings affirmed Ecopetrol's credit rating at BBB which is investment grade.
This release contains statements that may be considered forward looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All forward-looking statements, whether made in this release or in future filings or press releases or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forwardlooking statements: market prices of oil & gas, our exploration and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend, and do not assume any obligation to update these forward-looking statements
For further information contact:
Capital Markets Manager
María Catalina Escobar
Phone: +571-234-5190
Email: [email protected]
Media Relations (Colombia)
Jorge Mauricio Tellez
Phone: + 571-234-4329
Email: [email protected]
SOURCE Ecopetrol S.A.
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