Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) hereby reports that the credit rating agency Standard & Poor’s has maintained Ecopetrol’s long term corporate credit rating at BBB with a table outlook.
Standard & Poor’s mentioned that the new strategy presented by the Company is in line with the current oil market conditions and prioritizes efficient barrels and shareholder returns. The ratings decision also considers, among other things, the very important role of Ecopetrol in the Colombian economy.
The full report is available at www.standardandpoors.com. A credit rating is not a recommendation to buy, sell or hold securities and may be revised or withdrawn by the rating agency at any time.
Bogota, July 1, 2015