Fitch lifts Transportadora de Gas del Sur

Fitch Ratings said it upgraded the long-term foreign and local currency issuer default rating of Transportadora de Gas del Sur SA to B+ from B.

In addition, Fitch said it has upgraded the senior unsecured issue rating to B+ from B, reflecting a recovery expectation in the RR4 category.

All ratings have a stable outlook.

Fitch noted that the local and foreign currency issuer default rating of Transportadora de Gas del Sur reflects the company's moderate business risk profile, the sector's weak regulatory framework, solid financial position and adequate operations in the gas transportation and gas processing business in Argentina.

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