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Fitch Ratings upgrades Enagás’ credit rating to “BBB+” with “stable” outlook

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Posted By: The Corner 22nd July 2024

Link Securities | On 19 July 2024, the credit rating agency Fitch Ratings has published a note in which it has upgraded Enagás’ credit rating to “BBB+” with a “stable” outlook. The rating upgrade is supported by the improvement in business risk as a result of the execution of the company’s asset rotation, the prudent capital structure defined and the strong deleveraging following the sale of the stake in Tallgrass.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.