REG - S.N.G.N. Romgaz S.A. - Fitch Rating 2024

Societatea Nationala de Gaze Naturale Romgaz SAAnnouncement

22/05/2024 07:45

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RNS Number : 4375P  S.N.G.N. Romgaz S.A.  22 May 2024

CURRENT REPORT

In compliance with Law no. 24/2017 regarding Issuers of Financial Instruments
and Market Operations and A.S.F. Regulation no. 5/2018

 

Report date: May 22, 2024

Company name: Societatea Nationala de Gaze Naturale ROMGAZ S.A.

Address: Medias, 4 Constantin I. Motas Square, Sibiu County - Romania, 551130

Phone/fax no: 004-0374-401020 / 004-0269-846901

Fiscal Code: RO14056826

LEI Code: 2549009R7KJ38D9RW354

Trade Register registration number: J32/392/2001

Subscribed and paid in share capital: 385,422,400 RON

Regulated market where the issued securities are traded: Bucharest Stock
Exchange (BVB), London Stock Exchange (LSE)

 

Significant event to be reported:

 

·    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.

 

According to Fitch's rating action commentary, the rating "reflects Romgaz's
dominant position in Romania's natural gas market, upstream production growth
potential from the Neptun Deep and Caragele reservoir developments and
conservative financial policy".

"Achieving BBB- investment grade credit rating at Romgaz is a testament to our
strong financial position, healthy business profile and disciplined approach
to growth, this being another vote of confidence in our strategy. Our
investment grade credit ratings will allow us to more effectively and
efficiently access the credit markets as we continue to execute our growth
strategy," said Razvan Popescu, Romgaz Chief Executive Officer.

 

More details about the rating action commentary are available at:

https://www.fitchratings.com/research/corporate-finance/fitch-assigns-romanian-romgaz-first-time-bbb-rating-outlook-stable-21-05-2024
(https://www.fitchratings.com/research/corporate-finance/fitch-assigns-romanian-romgaz-first-time-bbb-rating-outlook-stable-21-05-2024)

 

Chief Executive Officer,

Razvan Popescu

 

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