In a release issued by the Caribbean Information and Credit Rating Services Limited (CariCRIS), the agency has reaffirmed the credit ratings assigned to The National Gas Company of Trinidad and Tobago Limited (NGC) of CariAA (Foreign and Local Currency) on the regional rating scale, and ttAA on the Trinidad and Tobago (T&T) national rating scale. The agency has also revised the outlook for the Company from ‘negative’ to ‘stable’.

According to CariCRIS, these ratings “indicate that the level of creditworthiness of [NGC’s debt] obligation, adjudged in relation to other obligations in the Caribbean and within T&T, is high.” NGC’s creditworthiness, says CariCRIS, shows its strategic importance to the national economy, as well as the improved prospects for gas supply. Further endorsing these ratings are NGC’s low gearing levels and good debt protection metrics.

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