Ecopetrol's BB credit rating affirmed by Fitch

Fitch cited Ecopetrol’s liquidity and debt structure and estimated no refinancing challenges for obligations maturing in 2027.

Rhea-AI Filing Summary

Ecopetrol S.A. announced that Fitch Ratings affirmed its global credit rating at BB with a Stable Outlook and its standalone credit profile at bbb-. Fitch also affirmed the national long-term rating at AAA(col) with a Stable Outlook and the national short-term rating at F1+(col).

Fitch said the BB rating reflects Ecopetrol’s financial profile and operating metrics, and that its standalone rating remains within Investment Grade. Fitch cited liquidity supported by a strong cash position, broad capital-markets access and an adequate debt maturity structure. It estimates Ecopetrol will not face challenges refinancing debt obligations maturing in 2027.

Key Figures

Global credit rating: BB Standalone credit profile: bbb- National long-term rating: AAA(col) +2 more

5 metrics

Global credit rating BB Affirmed with a Stable Outlook

Standalone credit profile bbb- Affirmed; described as within Investment Grade

National long-term rating AAA(col) Affirmed with a Stable Outlook

National short-term rating F1+(col) Affirmed

Debt maturity year 2027 Fitch estimates no refinancing challenges for debt obligations maturing that year

Key Terms

standalone credit profile, Stable Outlook, liquidity profile

3 terms

standalone credit profile financial

"standalone credit profile (SACP) at ‘bbb-’"

Stable Outlook financial

"with a Stable Outlook"

A stable outlook is a credit-rating agency’s view that a company’s credit rating is unlikely to change over the medium term, indicating expected steadiness in its financial condition and ability to meet obligations. For investors it matters because a stable outlook signals lower likelihood of sudden changes to borrowing costs, dividend capacity or default risk—like a calm weather forecast, it helps set expectations about near-term risk and return.

liquidity profile financial

"liquidity profile, supported by a strong cash position"

A liquidity profile describes how easily and quickly a company or asset can be turned into cash without causing a big change in price, based on things like cash on hand, available credit, and how active the market is for its shares. Investors care because a stronger liquidity profile means the business can pay bills, fund growth, and survive shocks without forced selling or sharp price swings — like having cash in your wallet versus owning a house that takes time to sell.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What credit ratings did Fitch affirm for EC?

Fitch affirmed Ecopetrol’s global credit rating at BB with a Stable Outlook and its standalone credit profile at bbb-. It also affirmed the national long-term rating at AAA(col) with a Stable Outlook and the national short-term rating at F1+(col).

What strengths did Fitch cite in affirming EC’s ratings?

Fitch cited Ecopetrol’s liquidity profile, supported by a strong cash position, broad access to capital markets and an adequate debt maturity structure. Fitch also said the global BB rating reflects the company’s financial profile and the stability of its operating metrics.

Does Fitch expect EC to face refinancing challenges for debt maturing in 2027?

Fitch estimates Ecopetrol will not face challenges refinancing its debt obligations maturing in 2027.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/21/2026 - 06:04 AM EDT Accepted by SEC EDGAR 10/20/2026 - 09:31 PM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October, 2026

Commission File Number 001-34175

ECOPETROL S.A.

(Exact name of registrant as specified in its charter)

N.A.

(Translation of registrant’s name into English)

COLOMBIA

(Jurisdiction of incorporation or organization)

Carrera 13 No. 36 – 24

BOGOTA D.C. – COLOMBIA

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x      Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)

Yes ¨      No x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)

Yes ¨      No x

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ¨      No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- N/A

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Ecopetrol S.A.
	By:	/s/ Alfonso Camilo Barco
		Name:	Alfonso Camilo Barco
		Title:	Chief Financial Officer

Date: October 20, 2026

 

Fitch Ratings Affirms Ecopetrol’s National and International Ratings and Highlights Its Financial Strength

Bogota, D.C., October 20^th, 2026

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that, in its report dated October 20, 2026, Fitch Ratings (“Fitch”) affirmed the Company’s global credit rating at BB, with a Stable Outlook, and its standalone credit profile (SACP) at‘bbb-’. In addition, Fitch affirmed Ecopetrol’s national long-term and short-term ratings at‘AAA(col)’, with a Stable Outlook, and‘F1+(col)’, respectively

Fitch stated that the 'BB' global rating reflects the Company's robust financial profile and the stability of its operating metrics. In turn, Ecopetrol's standalone credit rating remains within Investment Grade (bbb-), in line with international peers in the sector.

Among the key strengths highlighted by the rating agency were Ecopetrol's liquidity profile, supported by a strong cash position, broad access to capital markets, and an adequate debt maturity structure. Fitch also estimates that the Company will not face challenges refinancing its debt obligations maturing in 2027.

The full report issued by Fitch Ratings on October 20^th, 2026, which provides detailed rationale for the ratings, can be accessed below:

https://www.fitchratings.com/research/corporate-finance/fitch-affirms-ecopetrol-foreign-local-currency-idrs-at-bb-outlook-stable-20-10-2026

--------------------- 

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA’s shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla–Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with drilling and exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector.

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, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. 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 forward-looking 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 more information, please contact:

Investor Relations Office

Email: investors@ecopetrol.com.co 

Corporate Communications (Colombia)  

Email: _noticias@ecopetrol.com.co 

 

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 6.4 KB