Fitch reaffirms international investment grade rating of Ecopetrol S.A.

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (“Ecopetrol” or the “Company”) reports that the risk rating agency Fitch Ratings maintained the rating of the Company at investment grade, with a rating of BBB.

Given the Company's strategic link to the Republic of Colombia, Fitch Ratings downgraded the Company’s outlook from stable to negative, in line with its updated outlook for the Republic of Colombia (BBB, outlook negative), which was published on July 22, 2016.

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