Rating agencies affirm NET4GAS stability
International rating agencies S&P Global Ratings and Fitch Ratings have affirmed the long-term rating of NET4GAS at the BBB investment grade with a stable outlook. They have again acknowledged the company’s stable and predictable cash flow, solid liquidity and prudent and flexible financial policy. Both rating reports also highlight the long-term support that NET4GAS receives from its strategic shareholders, the Allianz and OMERS groups.
“We believe that NET4GAS forms a key part of the gas transit path to supply consumers in Western, Southern, and Eastern Europe, and will retain its key role in the future. This is thanks to its reversible routes (east-to-west or west-to-east), favorable location, and investments in the Capacity4Gas project," S&P Global Ratings writes in its report.
NET4GAS has maintained its rating at the BBB investment grade, which reflects a company's ability to meet its obligations, since the start of its rating in 2014.
"By retaining the rating, NET4GAS continuously confirms fulfilling of its goal of being a stable company that is carefully planning and managing its cash flow in the long run, including its investment program. All this with the support of its shareholders," says Václav Hrach, Chief Financial Officer of NET4GAS.