Ecopetrol nears junk as Moody’s turns tough on Lat Am oil

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Ecopetrol nears junk as Moody’s turns tough on Lat Am oil

Oliver West
January 19, 2016 06:00 am
Colombian oil
COLOMBIA Industry Oil Exploration Guavio 1 1959 the first wildcat exploration oil rig on the edge of the Llanos in foothills of Cordillera Oriental. Texaco drillers found oil and this well was forerunner to large oil discoveries in 1980s | Press Association Images

Colombian state owned oil company, Ecopetrol said it wanted to reiterate its commitment to cost cutting and protecting its cash flow after Moody’s left it perilously close to losing one of its investment grade ratings.

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Oliver West
US Bureau Chief - Latin America Editor
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