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Sign InMoody's Ratings has downgraded Ecopetrol's global credit rating from Ba1 to Ba2, signaling a shift in the company's credit standing. Alongside the downgrade, the agency revised the company's outlook from stable to negative, indicating potential further risks ahead. Despite the lower global rating, Moody's affirmed Ecopetrol's Baseline Credit Assessment (BCA) at b1, reflecting its intrinsic financial strength. This credit action is expected to increase borrowing costs for the Colombian energy giant as it navigates international debt markets. Investors are closely monitoring the impact of this downgrade on the company's equity and bond performance. The negative outlook underscores ongoing concerns regarding the company's long-term financial trajectory within the energy sector.