- Fitch Ratings, one of the leading global credit rating agencies, has upgraded Odinsa’s national long-term rating to ‘AA+(col)’, the highest in the company’s history.
- According to the agency, the upgrade is based on key factors such as low levels of leverage and debt, which drive its growth strategy, along with strategic backing from Grupo Argos.
- This rating underscores the company’s effective management and supports its strong financial position as it explores new infrastructure segments.
Medellín, May 28, 2025 – Odinsa, a concessions company within Grupo Argos, has received an upgrade in its national long-term rating from Fitch Ratings to ‘AA+(col)’, up from ‘AA(col)’, and the reaffirmation of its short-term rating at ‘F1+(col)’, with a Stable Outlook. This decision highlights the company’s financial strength, diversified portfolio, and strategic focus on growth and shared value creation.
According to the Fitch Ratings report, the decision to upgrade Odinsa’s rating is based, among other aspects, on its strong capital structure, which supports the implementation of its growth strategy, and its proven access to the local financial system and capital markets. This backing is especially relevant as the company explores new infrastructure segments, including the potential creation of an investment platform in the water sector, which would enhance its geographic diversification and expand its revenue sources.
“This rating, the highest in our history, confirms the solid financial management we have been implementing and provides us with the flexibility to continue executing our expansion and sustainable growth plans,” stated Mauricio Ossa Echeverri, CEO of Odinsa.
The ratings also recognize institutional support from Grupo Argos S.A. [‘AAA(col)’ with Stable Outlook], which creates strategic and operational synergies, strengthening Odinsa’s business model and enhancing its execution capabilities.
Finally, Fitch highlighted Odinsa’s experience in developing and operating infrastructure projects within and beyond Colombia, the strengthening of cash flows from its concessions, and its participation in long-term projects that provide financial stability.
About the ratings
- ‘AA+(col)’: Assigned to Odinsa, this rating denotes a very low risk of default compared to other issuers or obligations in the same country. The risk differs only slightly from those with the highest ratings.
- ‘F1+(col)’: Indicates the strongest ability to make timely payments on financial commitments within the country. The ‘+’ symbol reflects an especially solid liquidity profile.
About the creation of a new investment platform in the water sector
The company announced that, in line with its sustainable growth purpose, it is advancing exploration efforts for the structuring of a new business vertical focused on the water sector. This initiative seeks to capitalize on opportunities in desalination and water treatment, initially in key markets such as Peru, Mexico, Chile, and Colombia. Aligned with its strategy, which focuses on B2B business models, and with the objective of contributing to water sustainability in industries critical to regional development, the structuring of this business line remains in progress.
For additional information, contact:
Eliana Villada García, Communications Lead / evillada@odinsa.com / 301 250 55 59 Viviana Arroyave, Communications Manager / varroyave@odinsa.com / 317 646 92 18 Visit the website: www.odinsa.com Go to: Fitch Ratings – Colombia
