Moody’s confirms Teréga’s ratings

The outlook remains ‘Stable’ and reflects the fact that Teréga's financial risk profile should remain commensurate over the medium term with Moody’s guidance for the ‘Baa2’ rating.

The rating agency also commented that Teréga’s current credit metrics are comfortably positioned against their ratio guidance.

Following the regulation of gas storage in France, Moody’s has updated their trigger ratios which now include a FFO/Net Debt above 10% and a Net Debt/Regulated Asset Base (RAB) not above the high 70s in percentage terms.