Galp Gas SA

Standard and Poors Rating Reaffirmed

RNS Number : 1881L
Galp Gas Natural Distribuicao, S.A.
20 December 2018
 

Announcement                                                                                                 Lisbon, December 20th, 2018

 

S&P Global Ratings ("S&P") reaffirmed its 'BBB-' long-term corporate credit rating of Galp Gás Natural Distribuição, S.A. ("GGND") with stable outlook.

Pursuant to and for the purposes of article 17 of Regulation (EU) No. 596/2014 of the European Parliament and the Council, of article 248 of the Portuguese Securities Code and Article 3 (d) of CMVM Regulation No. 5/2008, GGND hereby announces that S&P reaffirmed its "BBB-" long-term corporate credit rating with stable outlook.

S&P highlights the stable nature of GGND's business benefitting from: i) predictable regulatory framework; ii) status as the largest gas distributor in Portugal; iii) stable CAPEX;  and iv) flexible dividend policy, governed by independent governance structure of GGND.

 

 

 

 

 

 

 

 

 

Galp Gás Natural Distribuição, S.A. | Head Office: Rua Tomás da Fonseca Torre C, 1600-209 Lisboa

Share Capital: 89,529,141 Euros S is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

 
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