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