Moody’s: National Gas of Trinidad view to negative

Moody’s Investors Service said it changed the outlook on the National Gas Co. of Trinidad and Tobago to negative from stable.

“The negative outlook on NGC's Ba1 ratings coincides with the negative outlook on Trinidad's Ba1 rating given the importance of the sovereign's credit strength to the company's ratings,” said Moody’s in a press release.

The agency affirmed the Ba1 ratings on the company and its $400 million of global bonds due 2036.

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