August 30, 2021 |
Moody's has rated Brazil's Transportadora Associada de Gás (TAG) for the first time, giving the natural gas pipeline operator a Ba1 rating with a stable outlook.
TAG operates 47% of Brazil's natural gas pipeline network, underpinned by "stable and predictable cash flows" from long-term contracts, including five with state-owned oil company Petrobras, Moody's said in a report on Thursday.
French energy company Engie and Canadian pension plan Caisse de dépôt et placement du Québec (CDPQ) acquired
Brazilian natural gas pipeline operator is assigned a Ba2 on stable and predictable cash flows from long-term contracts