The National Gas Transmission Company, TRANSGAZ SA Medias, notifies investors of the following relevant event: On February 29th, 2008, Standard & Poor’s Ratings Servicess improved the company’s corporate rating, from BB+ to BBB-. The rating improvement performance of TRANSGAZ is the result of the successful IPO process which ensured the company’s financial resources required for the partial funding of the medium-term investment program and is supported by the company’s position as the sole licensed gas transmission operator in Romania, by its predictable cash flow from regulated gas transmission activities and by a robust financial profile. Therefore, TRANSGAZ turns into the first Romanian company to be granted a BBB- credit rating by Standard & Poor’s Ratings Service; such “negative” outlook reflecting the sovereign credit rating outlook.
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