Fitch Ratings assigned S.N.G.N. Romgaz S.A. a long-term issuer default rating of 'BBB-', with a stable outlook

     

Fitch Ratings assigned S.N.G.N. Romgaz S.A. a long-term issuer default rating of 'BBB-', with a stable outlook

Societatea Nationala de Gaze Naturale ROMGAZ S.A. (“Romgaz” or “the Company”) informs its shareholders and investors that Fitch Ratings Limited (“Fitch”) assigned investment grade credit rating 'BBB-' with a stable outlook. This is the Company’s inaugural credit rating.

More details are contained in the press release below:

ROMGAZ Fitch assigned SNGN Romgaz SA a long-term issuer default rating of BBB-, with a stable outlook

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Romgaz undertakes geological exploration in order to discover new gas reserves, produces methane by exploiting the reservoirs included in the company portfolio, stores natural gas in the underground deposits, interventions, workover and special operations on wells and technological transport.