Risk Rating Fitch Ratings maintained the long and short-term debt ratings of @grupovanti (formerly Gas Natural Fenosa) in AAA and F1+, respectively. The outlook is stable for the economic flows of the natural #gas distributor in #Bogotá

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In addition, it allocated AAA’s rating to issue and place ordinary bonds 2019 up to $500 billion. In particular, given that part of this debt emission will be geared towards the company’s unregulated businesses, given the maturity of its regulated business

“The rating is supported by the firmness and predictability of the revenue stream arising from the regulated nature of the #gasnatural distribution business, the maturity of the market served by the company and limited exposure to volume risks,” he said Fitch.

The qualifier does not anticipate that the margin reduction, expected from 2020, due to regulated operating activity, due to the application of the new tariff methodology for natural gas distribution, will have a negative impact on the financial profile of the Company.

Among the individual or collective factors that could lead to a negative rating action are the making of investments in regulated natural gas distribution and unregulated businesses, significantly higher than those such that they would require debt resources considerably higher than estimated and that a considerably smaller operating generation is presented than projected.

The considerable net marge of operations over 38 stands out, compared to other companies in the #energia sector.