Fitch Ratings, one of the world’s leading credit rating agencies, upgraded Odinsa’s long-term national rating to ‘AAA(col)’ with a Stable Outlook, the highest rating in the company’s history.
The rating agency highlighted that the rating upgrade reflects Odinsa’s reduced leverage, which supports its growth strategy and its ability to finance new projects.
This milestone consolidates Odinsa as a benchmark for credit excellence, underpinned by its investment platform model, controlled leverage and debt levels, and the strategic backing of Grupo Argos.
Medellín, May 22, 2026. Odinsa, a concession company of Grupo Argos, has achieved an unprecedented milestone in its history by receiving an upgrade from Fitch Ratings to a national long-term rating of ‘AAA(col)’ from ‘AA+(col)’ with a Stable Outlook, the highest category on the country’s national rating scale. The agency also affirmed the short-term rating at ‘F1+(col)’, confirming the company’s strong ability to meet its financial obligations.
According to the Fitch Ratings report, the upgrade of Odinsa’s rating reflects the reduction in leverage, which supports its growth strategy and its ability to finance new projects. The decision to raise the rating also takes into account the company’s investment strategy in a platform.
“Achieving the highest rating (AAA(col)) is a mark of trust that validates our business model and our rigorous financial management. This recognition gives us a privileged position in the capital markets and encourages us to continue leading infrastructure projects that transform the region’s connectivity and competitiveness in accordance with sustainability criteria,” said Jean Pierre Serani Toro, president of Odinsa.
The ratings also recognize the institutional backing of Grupo Argos S.A. [‘AAA(col)’ with a Stable Outlook], which generates strategic and operational synergies, strengthening Odinsa’s business model and enhancing its execution capacity.
Finally, Fitch highlighted Odinsa’s experience in the development and operation of infrastructure projects both within and outside Colombia, the strengthening of cash flows from its concessions, and its participation in long-term projects that provide financial stability.
About the Ratings
‘AAA(col)’: Assigned to Odinsa, this indicates the highest rating assigned by Fitch on the national rating scale to issuers and obligations with the lowest expected risk of default relative to all other issuers in the same country.
‘F1+(col)’: Indicates the strongest capacity for timely payment of financial obligations within the country. The “+” symbol reflects a particularly strong liquidity profile.
Odinsa will continue to consolidate and strengthen its portfolio, identifying new opportunities to execute high-impact infrastructure projects, and will continue to promote the structuring of projects aligned with its long-term vision, in collaboration with its majority shareholder, Grupo Argos, and its strategic partner, Macquarie Asset Management.
