Ramdeen rejects ‘rating shopping’ claims after NGC ends Moody’s relationship
Business
Finance
Politics
May 20, 2026
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Kejan Haynes
National Gas Company (NGC) chairman Gerald Ramdeen is defending the state-owned company’s decision to end its 21-year relationship with international ratings agency Moody’s, insisting the move does not reflect any retreat from transparency or independent scrutiny.
In a letter responding to criticism from former minister Vasant Bharath, Ramdeen said NGC had instead engaged Fitch Ratings while maintaining its existing relationship with S&P Global Ratings.
Business
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