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 December 9, 2015 - 12:58 PM EST
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Fitch: Colombian Natural Gas Outlook Stable for 2016; Strong Generation for Gas Companies

Fitch Ratings expects Colombian gas transportation and distribution companies to remain stable in 2016, supported by the strength and predictability of cash flows, low volume risk exposure, and favorable tariffs as installed capacity increases. Fitch expects leverage increases, offset by adequate liquidity positions, long-term maturity profiles and proved access to funding.

Natural gas demand is expected to remain strong in 2016, driven by thermal electrical generation needs due low hydrology expectations, which is demanding in terms of capacity and flexibility to meet peak consumption.

Fitch expects gas utilities to continue aggressive investment plans in pursuit of growth opportunities in Colombia and abroad, funded mainly by companies' strong internal cash flow generation.

The full report 'Outlook 2016: Colombia Natural Gas' is available at 'www.fitchratings.com' or by clicking on the link.

Additional information is available at 'www.fitchratings.com'.

2016 Outlook: Colombian Natural Gas (Strong Generation for Gas Companies)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=874146

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Fitch Ratings
Natalia O'Byrne
Director
Fitch Ratings Colombia
+571 326 9999 Ext.1100
Fitch Ratings Colombia
Calle 69A No. 9-85
Bogota, Colombia
or
Xavier Olave
Associate Director
+1-212-612-7895
or
Media Relations:
Alyssa Castelli, New York, +1 212-908-0540
Email: alyssa.castelli@fitchratings.com


Source: Business Wire (December 9, 2015 - 12:58 PM EST)

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