Fitch affirms Romgaz at Romania's sovereign level on 'transformational' Neptun Deep project
International rating agency Fitch has affirmed the issuer default rating (IDR) of Romanian state-controlled natural gas group Romgaz (BVB: SNG) at BBB-/negative, in line with the country's sovereign, the highest rating the agency could…
iulian ernst · Journalist
· Updated · 2 min read
International rating agency Fitch has affirmed the issuer default rating (IDR) of Romanian state-controlled natural gas group Romgaz (BVB: SNG) at BBB-/negative, in line with the country's sovereign, the highest rating the agency could have assigned to the company.
However, Romgaz's BBB- rating benefits from a one-notch uplift from its bb+ Standalone Credit Profile (SCP) for state support, under the Government-Related Entities Rating Criteria.
