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Moody’s Predicts Metrogas Workout

Aug 31, 2009

Moody's has downgraded Metrogas to Caa3 from Caa1 and keeps the Argentine gas distribution utility on negative outlook amid concerns over a continued weak liquidity relative to the debt maturity profile. “Metrogas' tariffs have remained frozen and...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

Luis Fernando Andrade, Colombian National Infrastructure Agency


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