Transportadora de Gas Internacional -- Moody's affirms TGI's Baa3 rating following EEB's announcement to increase its majority stake; outlook remains stable

New York, April 07, 2014 -- Moody's affirmed today the Baa3 senior unsecured rating of Transportadora de Gas Internacional (TGI). Today's rating action follows the announcement on April 4, 2014 by Empresa de Energia de Bogota (EEB; Baa3, stable), that it has reached an agreement to increase its majority ownership in Transportadora de Gas Internacional (TGI; Baa3, stable) from 68.05% to 99.97%. To that end, EEB has agreed to pay US$880 million to Citi Capital Venture (CVCI) that currently holds a 31.91% voting stock in TGI via Inversiones en Energia Latino America Holding S.L. (IELAH). TGI's outlook is stable.

Vollständigen Artikel bei Moodys lesen