Credit Rating Report

Madrileña Red de Gas Finance B.V.: Rating Report

Utilities & Independent Power

Summary

DBRS Morningstar assigned an Issuer Rating and a Euro Medium Term Notes rating of BBB (low) with Stable trends to Madrileña Red de Gas Finance B.V. (MRG Finance). MRG Finance is the financing entity for Madrileña Red de Gas, S.A.U. (MRG or the Guarantor), and all current debt issued by MRG Finance is guaranteed by MRG. As such, the ratings on the Issuer are based on the credit quality of the Guarantor. For insight beyond the ratings, see the rating report.

Ratings

Madrileña Red de Gas Finance B.V.
  • Date Issued:Aug 17, 2020
  • Rating Action:New Rating
  • Ratings:BBB (low)
  • Trend:Stb
  • Rating Recovery:
  • Issued:UKU
  • Date Issued:Aug 17, 2020
  • Rating Action:New Rating
  • Ratings:BBB (low)
  • Trend:Stb
  • Rating Recovery:
  • Issued:UKU
  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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