Credit ratings
Fitch Ratings affirmed NET4GAS’s credit rating to BB+, the outlook is "negative"
Published on 19 October 2022
On 19 October 2022 Fitch Ratings affirmed NET4GAS’s credit rating to BB+, while the outlook was changed from "rating watch negative" to “negative outlook”.
Moody's confirmed NET4GAS’s credit rating from Ba2, the outlook is “negative"
Published on 27 June 2022
On 27 June 2022 Moody's Investors Service confirmed NET4GAS’s credit rating from Ba2, while the outlook was changed from “review for downgrade” to “negative" outlook.
Rating agency Fitch downgraded NET4GAS
Published on 11 May 2022
On 10 May 2022 Fitch Ratings downgraded NET4GAS’s credit rating from BBB "rating watch negative" to BB + "rating watch negative." The current credit rating adjustment is derived in the context of potential risks related to the ongoing conflict between Russia and Ukraine, including the risk of escalation of possible sanctions / countermeasures in the energy sector.
Despite the ongoing conflict between the two countries, NET4GAS has so far not seen any negative impact on its gas transmission activities.
In a period of geopolitical uncertainty, NET4GAS continues to build financial reserves. In addition, the company has the support of its shareholders, as demonstrated by the public statement recently made by NET4GAS Group and its shareholders on the current market situation (published in the investor section of the company's website). On the other hand, it is obvious that we are in an unprecedented situation and some developments may be out of the control of NET4GAS and its shareholders.
Rating agency Moody’s downgraded NET4GAS
Published on 24 March 2022
On 23 March 2022, the rating agency Moody’s downgraded NET4GAS’s credit rating from Baa2, “review for downgrade”, to Ba2, “review for downgrade”, in the context of “Russia’s invasion of Ukraine” and the related risks of e.g. a further tightening of sanctions against Russia – including potential sanctions / countermeasures in the energy sector. Moody's rating action comes despite the fact that since the beginning of the conflict, the company has not seen any negative impact on its gas transmission activities.
In this period of geopolitical uncertainty, NET4GAS’s aim is to build a financial reserve. In addition, the company has the support of its shareholders, as demonstrated by the public statement recently made by NET4GAS Group and its shareholders on the current market situation (published in the investor section of the company's website). On the other hand, it is obvious that we are in an unprecedented situation and some developments may be out of the control of NET4GAS and its shareholders.
Moody's reviews NET4GAS' Baa2 ratings for downgrade
Published on 3 March 2022
Fitch Places NET4GAS on Rating Watch Negative
Published on 4 March 2022
Moody's Investors Service: "Baa2", stable outlook
In December 2021, the Moody's Investors Service rating agency issued Credit Opinion of NET4GAS, s.r.o. Long-term rating for NET4GAS is assigned at "Baa2" level with stable outlook.
Fitch Ratings: "BBB", stable outlook
In December 2021, the Fitch Ratings rating agency affirmed long-term rating for NET4GAS, s.r.o. at the "BBB" level with stable outlook.