Fitch affirms NET4GAS

Fitch Ratings said it affirmed NET4GAS, sro's long-term issuer default rating and senior unsecured rating at BBB.

The outlook is stable.

The agency said the rating reflects the company’s consistent performance, improving domestic regulatory regime and supportive shareholders.

It also reflects an industry-wide trend in which traditional long-term transit contracts tend to be replaced by shorter-term bookings which give the shipper more flexibility, but which also reduce cash-flow predictability for the pipeline owners and operators, Fitch said.

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