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Fitch Ratings Upgrades OPAIN, Concessionaire of El Dorado International Airport, Highlighting Its Financial Strength and Operational Resilience

• New Credit Rating Marks OPAIN's Debt as Investment Grade, Surpassing Colombia's Sovereign Rating (BB+ / Negative), Highlighting Structural Strength and Performance.

Bogotá, March 19, 2025. International rating agency Fitch Ratings has upgraded the senior secured bonds issued by OPAIN, worth USD 415 million, from 'BB+' to 'BBB-' with a Stable outlook. With this adjustment, the company’s bonds have transitioned from speculative grade to investment grade, reflecting its solid financial position, resilience, and operational efficiency. Additionally, OPAIN's rating now surpasses Colombia's sovereign rating (BB+ / Negative).

According to the Fitch Ratings report, "this upgrade has resulted from stronger operational and financial performance that has exceeded Fitch's base case expectations over several years[…], thanks to OPAIN’s solid financial profile and its high resilience to significant volume pressures, even in a challenging macroeconomic environment."

For Natalí Leal, General Manager of OPAIN, “This upgrade reflects the confidence in our financial strength and efficient management of the airport. This outcome enhances our ability to manage strategic investments, optimize capital costs, and maintain a long-term sustainable business model. We remain committed to efficient management, elevating our operational excellence, contributing to the country's economic growth, and strengthening its position on the global stage.”

For more information:

Natalia Pinto – Head of Communications, OPAIN
npinto@eldorado.aero

Karen Vanegas
kvanegas@yurumi.co
Mobile: +57 314 290 2883

Sofía Celedón
sceledon@crop.co
Mobile: +57 318 879 8786