NGC will maintain its Ba1 rating for 2018.
Moody’s noted that the rating is indicative of the Company’s current profitability and management considering its role within the local oil and gas industry.
As identified by Moody’s, NGC’s strengths include:
- Strong balance sheet;
- Solid operating margins and cash flow generation;
- Conservative financial management;
- High level of government support.
Moody’s said the stable outlook on NGC’s rating, “…reflects our view that the company’s credit-worthiness will remain solid in the foreseeable future.”