Moody's downgrades NGC

Moody's Investors Service said it downgraded the senior unsecured bond rating of National Gas Co. of Trinidad and Tobago Ltd. to Baa1 from A3. The rating was placed on review for further downgrade.

The downgrades reflects reassessment of the default dependence between NGC and the government of Trinidad & Tobago (Baa1/stable), according to the agency.

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