Moody's rates Metrogas notes Caa3/Caa3.ar.

Moody's Investors Service said it assigned Caa3 global scale ratings and Caa3.ar national scales ratings to Metrogas SA for its $600 million medium-term note program.

The outlook is negative.

The Caa3/Caa3.ar ratings consider that Metrogas' liquidity continues to be extremely weak relative to its debt maturity profile, according to the agency.

Metrogas' Caa3.ar rating reflects its tight liquidity and expected weak financial performance, as well as its regulatory risk profile, the agency said.

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