Transgaz rating - Standard&Poor's raises long-term corporate credit rating for Romanian gas operator

Rating company Standard & Poor's said it raised the long-term corporate credit rating of Romania-based natural gas transmission monopoly Transgaz Medias to 'BBB-' from 'BB+' with a negative outlook, after the company improved its financial profile. The upgrade reflects the increased visibility and amount of operating cash flow following a significant tariff increase and the finalization of tariffs for the regulatory period through June 30, 2012, the company said in a release. The rating on ...

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