Fitch Ratings has confirmed at 'BBB-' the Long-Term Issuer Default Rating (IDR) with a Stable Outlook for Romanian company SNTGN Transgaz SA, informs a release of the rating agency.
The rating of Transgaz mainly reflects its solid business profile as a concessionaire and operator of the gas transmission network in Romania as well as the agency's 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 Fitch's expectation that a significant current investment related to the Bulgaria-Romania-Hungary-Austria corridor (BRUA) will be added to Transgaz's regulated …read more
Source:: Agerpres
