LNG

Oct 22 (LNG) - Jerat Trading, the LNG and energy trading arm created by the merger of Jera Co. Inc. and French firm EDF Trading, has been assigned an “A” credit rating from the Japanese agency, Rating and Investment Inc. Jerat is now two-thirds owned by Jera Co. Inc. and EDF Trading holds one third of the shares. “R&I cites this rating as a reflection of the creditworthiness of the entire Jera Group, which is also rated ‘A’ with stable outlook,” said Jerat. Jera Co. Inc. itself was formed by the merging of the LNG procurement activities of the two largest Japanese utilities, Tokyo Electric Power Co. and Chubu Electric.