S&P Upgrades Ecopetrol (EC) SACP Rating from 'bb+' to 'bbb-'
Tweet
Share
E-mailGet Alerts EC Hot Sheet
Join SI Premium – FREE
Ecopetrol S.A. (NYSE: EC) reports that credit rating agency Standard & Poor´s increased its stand alone credit profile (SACP) from bb+ to bbb- and confirmed its corporate credit and debt rating, this latter was last revised in March 18, at BBB- with a stable outlook.
The “SACP” represents the company’s credit rating in the absence of any extraordinary support that could be offered by the National Government and tends to converge with the corporate rating, as the expectation of requiring Government intervention decreases.
The “SACP” represents the company’s credit rating in the absence of any extraordinary support that could be offered by the National Government and tends to converge with the corporate rating, as the expectation of requiring Government intervention decreases.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Goldman Sachs Upgrades TC Energy (TRP:CN) (TRP) to Buy
- Liberty Energy Inc (LBRT) PT Lowered to $31 at UBS
- HSBC Upgrades Target (TGT) to Buy
Create E-mail Alert Related Categories
Credit RatingsRelated Entities
Standard & Poor'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
