Fitch Raises TGN and TGS

Fitch Raises TGN and TGS


Fitch has upgraded Argentina's Transportadora de Gas del Sur (TGS) to B+ from B and Transportadora de Gas del Norte (TGN) to B from B minus. "The local and foreign currency IDR of TGS reflects the company's moderate business risk profile, the sector's weak regulatory framework, solid financial position and adequate operations in the gas transportation and gas processing business in Argentina," says Fitch. "Despite a challenging energy environment, TGN maintains an adequate operating performance

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