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
Chief Executive Officer,
Razvan Popescu