20.11.2013 22:38:00

Black Gold Re -- Moody's withdraws Black Gold Re's Baa3 IFS rating

Buenos Aires City, November 20, 2013 -- Moody's Investors Service has withdrawn Black Gold Re's Baa3 global local currency insurance financial strength rating with a stable outlook. Black Gold Re is a wholly-owned captive reinsurance subsidiary of Ecopetrol (Baa2/stable senior unsecured debt), a large integrated oil company owned by the state of Colombia.

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