Fitch Upgrades Selected Colombian Corporates and PF

Following its upgrade of Colombia’s long-term foreign currency IDR to BB+ from BB last week, Fitch Ratings has upgraded the foreign currency Issuer Default Ratings (IDRs) and issue ratings of several Colombian corporates and project finance. Fitch upgraded state-owned oil company Ecopetrol – to BB+ from BB (foreign currency IDR); Isagen to BB+ from BB; and the 9.79% senior secured notes due 2010 of TransGas de Occidente to BB+ from BB.