On March 15th 2021 Euler Hermes Rating has removed the preliminary status and assigned a BB+ issuance rating to TIGÁZ’ 2021/31 senior unsecured bonds with a total nominal value of HUF 50bn. The rating was derived from TIGÁZ’ current issuer credit rating (BB+), the bond’s structural ranking, reasonable creditor rights and adequate recovery expectations in a hypothetical bond default scenario.
Further information on this rating, corresponding reports and applied methodologies can be found at www.eulerhermes-rating.com.
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