S&P affirms National Gas Co. of Trinidad & Tobago

Standard & Poor’s said it affirmed its A- corporate credit rating on the National Gas Co. of Trinidad & Tobago Ltd. and affirmed the A- senior unsecured rating on the company’s notes.

The outlook on the corporate credit rating remains stable.

“The rating affirmation reflects NGC’s stable financial performance as a result of strong methanol and ammonia prices partially offsetting the decline in the company’s production for the last two years resulting from suppliers’ platform shutdowns for maintenance and upgrades,” said S&P credit analyst Marcela Duenas in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.