Contact us
The three main international rating agencies raised the credit rating of TGP's international senior unsecured debt.
As a result of the strong performance of the company, the stability of its operational and financial indicators and the progress of the natural gas transporation system's expansion to 920 MMCFD for the local market; TGP improved its credit rating by one notch with a stable outlook by the three main international rating agencies.
As pointed out by Standard & Poor's (S & P) in its May 2014 report, TGP raised its rating from BBB to BBB+, matching Peru's international rating.
Then in April 2015, Fitch Ratings upgraded the rating of TGP from BBB to BBB+, reflecting its expectations of significant and sustained improvement in the company''s cash flow after completion of expansion works, estimated for the earlier months of 2016, as well as for its stable and predictable revenue, based on ship-or-pay long-term contracts.
In the same month, Moody's Investor Service raised the company from a rating of Baa2 to Baa1, noting the importance of the transportion system of natural gas and natural gas liquids for Peru, in addition to the substantial progress of TGP's expansion works.
These ratings have positioned TGP as the only Peruvian corporate company that have obtained this level of credit risk by the main three international credit rating agencies at the same time; resulting in access to financing under more favorable conditions, making its debt instruments more valuable by local and international investors.