Fitch affirms Transgaz’ rating at ‘BBB-‘ stable outlook

The National Gas Transmission Company Transgaz announces that the International Rating Agency Fitch Ratings affirmed its rating at ‘BBB-‘ Stable Outlook.

Transgaz’ ‘BBB-‘ Stable Outlook affirmed rating “mainly reflects its solid business profile as a concessionaire and operator of the gas transmission network in Romania as well as our expectation of a progressive contraction of its international gas transit business derived from traditional routes. The rating is supported by the country’s regulation for gas transmission and our expectation that a significant current investment related to the Bulgaria-Romania-Hungary-Austria corridor (BRUA) will be added to Transgaz’ regulated asset base (RAB), supporting future earnings”, is indicated in the agency’s report.

The National Gas Transmission Company Transgaz SA Romania is the technical operator of the National Gas Transmission System (NTS) ensuring that the national strategic goals for domestic and international gas transmission in conditions of efficiency, transparency, safety, nondiscriminatory access and competitiveness as well as for the research and design in the field related to its core business are met in compliance with the European and national laws, the quality, performance, environmental protection and sustainable development standards