Moody's assigns Gas Natural Ban notes B2/A1.ar

Moody's Latin America said it assigned B2/A1.ar ratings to Gas Natural Ban's up to A$100 million proposed notes, with a stable outlook.

As the series 3 peso notes will have the same priority as the outstanding debt, all ratings at are the same level, the agency said.

The outlook is stable.

The agency added that Gas Natural Ban's B2 and A1.ar ratings reflect the company's strong positioning in terms of regulatory support and government relationships.

Nevertheless, the ratings continue to be constrained by the evolving and uncertain framework of existing regulations for gas distribution utilities in Argentina, Moody's added.

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