The international rating agency Fitch has revised the outlook of the National Natural Gas Transport Company Transgaz SA from stable to positive and confirmed the long-term default rating (IDR) at „BBB-” and the independent credit profile (SCP) at „bbb-„, the company informs in a press release sent to the Bucharest Stock Exchange.

„The revision of the outlook reflects a net debt ratio below the positive sensitivity, better EBITDA visibility due to the transition to a purely regulated TSO model and improved liquidity. The positive outlook also reflects the progress made within the largest investment project, Marea Neagra-Podisor, which according to the company is expected to be recognized in the regulated asset base (BAR) in October 2025, leading to a substantial increase in BAR and EBITDA,” the agency’s report states.

SNTGN Transgaz SA is the technical operator of the National Gas Transport System (SNT) and ensures the fulfillment of the national strategy regarding the domestic and international transport of natural gas and the dispatching of natural gas, as well as research and design in the specific field of its activity, in compliance with the requirements of European and national legislation, quality, performance, environmental and sustainable development standards, in conditions of efficiency, transparency, safety, non-discriminatory access and competitiveness.

AGERPRES