Vector credit rating under scrutiny as regulator puts squeeze on gas price paths

Thu, 25 Oct 2012

Oct. 26 (BusinessDesk) - Vector's credit rating may come under the gun after the Commerce Commission's draft rules to set the default price-quality paths for gas pipelines would impose a sharp price cut for the Auckland lines company, according to Moody's Investors Service. The lines company's Baa1 credit rating could come under pressure if the final regulatory decisions put too much strain on Vector's financial metrics, Moody's said in a comment yesterday. About 86 percent of Vector's earnings through the gas and electricity transportation...

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