January 27, 2016 |
Bolivian natural gas pipeline operator YPFB Transierra plans to raise $70m in dollar-denominated debt in the local market, according to Moody's.
The ratings agency assigned the proposed transaction a global Ba3 rating and a Aa1 rating on a local scale, citing Transierra's stable cash flows and sound credit metrics. Moody's also said natural gas exports to Brazil are expected to remain stable, despite the economic slowdown in Brazil.
Transierra shareholders approved the bond issuance on Dec
The Bolivian pipeline operator will use part of the proceeds to build a new compression plant