Seven Colombian Corporate And Infrastructure Entities Downgraded On Same Sovereign Action, Rating On One Entity Affirmed

On May 19, 2021, S&P Global Ratings lowered its sovereign credit rating on Colombia to 'BB+' from 'BBB-' and assigned a stable outlook. As a result, we're lowering the ratings on seven domestic corporate and infrastructure entities and assigning a stable outlook because they're directly or indirectly linked to the sovereign. We're also affirming the rating on one project. The stable outlook on these companies mirrors the one on Colombia, because we expect ratings on these entities to move in tandem with the one on the sovereign. SAO PAULO (S&P Global Ratings) May 20, 2021—S&P Global Ratings downgraded the following companies to 'BB+' from 'BBB-' and assigned a stable outlook: Ecopetrol S.A.; Grupo de Inversiones Suramericana S.A. (Grupo Sura); ISAGEN,

...May 20, 2021 - On May 19, 2021, S&P Global Ratings lowered its sovereign credit rating on Colombia to '##+' from '###-' and assigned a stable outlook. - As a result, we're lowering the ratings on seven domestic corporate and infrastructure entities and assigning a stable outlook because they're directly or indirectly linked to the sovereign. We're also affirming the rating on one project. - The stable outlook on these companies mirrors the one on Colombia, because we expect ratings on these entities to move in tandem with the one on the sovereign. SAO PAULO (S&P Global Ratings) May 20, 2021--S&P Global Ratings downgraded the following companies to '##+' from '###-' and assigned a stable outlook: - Ecopetrol S.A.; - Grupo de Inversiones Suramericana S.A. (Grupo Sura); - ISAGEN, S.A. E.S.P.; and - Oleoducto Central, S.A. (OCENSA). Although the following two entities have ratings above that on Colombia, we downgraded them to '###-' from '###' and assigning a stable outlook: - Enel Americas...

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