Transgaz is currently under surveillance to be assigned a new rating by Fitch, with which it signed a contract as of March 28, 2019. The company said it expects a new rating will be assigned during May-June 2019.
S&P Global Ratings revised Transgaz’ outlook from stable to negative back in June 2018 and affirmed its credit rating at BB +.
Transgaz had a turnover of RON1.63 billion in 2018, down 6.3% on the year, and its net profit dropped 14%, to RON499 million.
Transgaz is 58.5% owned by the Romanian state.