New York, April 18, 2016 -- Moody's Investors Service ("Moody's") downgraded National Gas Company of Trinidad & Tobago's ("NGC") foreign currency bond rating to Baa3 from Baa2. NGC's ba1 baseline credit assessment ("BCA") remained unchanged. At the same time, Moody's confirmed Petroleum Co.of Trinidad & Tobago (Petrotrin)'s Ba3 senior unsecured debt ratings. Petrotrin's b3 BCA remained unchanged. The outlook for both companies is negative. These rating actions follow Moody's April 15, 2016 downgrade of Trinidad & Tobago, Government of's ("the Government") bond ratings to Baa3 from Baa2, with a negative outlook.

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