Fitch Ratings upgraded eustream’s rating to 'BBB+' from 'BBB'

Fitch Ratings upgraded eustream’s IDR rating to 'BBB+' from 'BBB', with a stable outlook. The upgrade reflects an improved business profile and capital structure at eustream, controlled by EPH. After the halt in Russian gas flows, eustream transitioned to a national, regulated gas transmission operator, which has greater debt capacity than an international transit operator. Repayment of the 2025 bond and the European Investment Bank loan halved its gross debt. Limited gas flow reduced eustream’s EBITDA to €130m.

(fitchratings.com)