Fitch rates Transgaz BBB-

Fitch Ratings said it assigned SNTGN Transgaz SA a long-term issuer default rating of BBB- with a stable outlook.

“Transgaz's BBB- issuer default rating mainly reflects its solid business profile as a concessionaire and operator of the gas transmission network in Romania as well as the expectation of a progressive contraction of international gas transit business deriving from traditional routes,” the agency said in a news release.

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