Last Thurs­day, May 14, the rat­ing agency Moody’s is­sued a news re­lease, known as a rat­ing ac­tion, an­nounc­ing that it had with­drawn its cred­it rat­ing for the whol­ly state-owned Na­tion­al Gas Com­pa­ny of Trinidad and To­ba­go (NGC) due to in­suf­fi­cient in­for­ma­tion. Moody’s with­drew NGC’s Ba2 cor­po­rate fam­i­ly rat­ing, ba2 base­line cred­it as­sess­ment and Ba2 se­nior un­se­cured notes.

The rat­ing agency not­ed that pri­or to the with­draw­al, its out­look on NGC was neg­a­tive.

Moody’s said, “We have de­cid­ed to with­draw the rat­ing(s) be­cause of in­ad­e­quate in­for­ma­tion to mon­i­tor the rat­ing(s), due to the is­suer’s de­ci­sion to cease par­tic­i­pa­tion in the rat­ing process.”