Moody's gives GEB investment grade ratings

Moody's gives GEB investment grade ratings

Capital Markets Bonds Debt Fixed Income Colombia Andean

Moody's said it has assigned a Baa2 rating with a stable outlook to Grupo Energía Bogotá (GEB), citing steady cashflows from the Colombian energy group's subsidiaries.The rating agency mentioned the natural gas pipeline operator Transportadora de Gas Internacional (TGI) and the natural gas unit Cálidda as two important businesses. It also said the holding company benefitted from the support of the Bogotá city government, which owns 65.7% of GEB.Moody's added, however, that GEB relies too much of

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