Moody's gives first-time rating to TAG

Moody's gives first-time rating to TAG

Credit Ratings Moody's Investors Service Oil Gas Brazil Capital Markets Technology Digital Payments

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

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