Moody´s upgrades Ecopetrol S.A.’s baseline credit assessment and confirms its investment-grade rating

BOGOTÁ, Colombia, July 16, 2018 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the risk-rating agency Moody’s increased Ecopetrol’s baseline credit assessment (BCA) two notches, to ba1 from ba3.
Moody’s notes that the higher BCA was due to the Company’s so…