The Trinidad and To­ba­go Cham­ber of In­dus­try and Com­merce (T&T Cham­ber) has called for con­tin­ued ad­her­ence to sound gov­er­nance and fis­cal man­age­ment prac­tices at the Na­tion­al Gas Com­pa­ny of Trinidad and To­ba­go (NGC), fol­low­ing re­cent pub­lic dis­cus­sion on the com­pa­ny’s cred­it rat­ing arrange­ments.

In a re­lease yes­ter­day, the cham­ber ac­knowl­edged NGC’s de­ci­sion to dis­con­tin­ue its sub­scrip­tion re­la­tion­ship with Moody’s while main­tain­ing en­gage­ment with oth­er in­ter­na­tion­al­ly recog­nised cred­it rat­ing agen­cies. It not­ed that cred­it rat­ings are in­de­pen­dent opin­ions and said dif­fer­ences be­tween is­suers and rat­ing agen­cies on method­ol­o­gy are not un­usu­al.

The cham­ber added that NGC is en­ti­tled to make com­mer­cial de­ci­sions re­gard­ing its rat­ing re­la­tion­ships, and point­ed out that the com­pa­ny con­tin­ues to be rat­ed by S&P, Cari­CRIS and Fitch.