Euler Hermes Rating GmbH » TIGÁZ Földgázelosztó Zrt.

TIGÁZ Földgázelosztó Zrt.


The BB+ first-time issuer rating is mainly driven by low to moderate business risks due to an established market regulation, a territory-based gas distribution licence, predictable distribution volumes/tariffs and largely efficient operations leading to robust sector benchmark scores. Consistently high financial debt levels (also including a notable proportion of shareholder funding) and a currently limited financial flexibility slightly weight on the issuer rating of TIGÁZ. The rating is expected to remain stable over the next twelve months.

Rating-Historie Notation/Outlook Ratingbericht
14.08.2019 BB+ / stabil