NRA’s Credit Rating On TPGC-Finance Affirmed
OREANDA-NEWS. National Rating Agency has affirmed its ‘AA-’ credit rating on TPGC-Finance JSC. The outlook for the rating has been revised to Negative. The company was first assigned NRA’s credit rating of ‘AA-’ on Aug. 15, 2014. The latest rating action on TPGC-Finance (the ‘AA-’ credit rating affirmation with a stable outlook) was on Oct 13, 2015.
TPGC-Finance is a special-purpose vehicle, issuing bonds on behalf of its parent TPGC LLC. TPGC LLC is an independent private-sector gas company engaged in an investment project for the extraction of natural gas in the Komi Republic, where TPGC LLC has a number of licenses for gas exploration and production in the following licensed areas: Inta and Kozhim gas fields, Levogrubeyuskaya area, East-Lemvinsk area, Lemvinsk, Ankudinsk, Parmayusk, North-Kozhim, Verkhnelemvinsk-I, Verkhnelemvinsk-II, Grubeyusky and West-Inta sites. In accordance with an independent cost valuation of the proven, probable and possible natural gas and condensate reserves, the company has a significant resource potential.