"S&P Global Ratings keeps Conexus credit rating unchanged

International credit rating agency S&P Global Ratings (S&P) has affirmed the long-term issuer credit rating assigned to the single natural gas transmission and storage operator Conexus Baltic Grid AS (Conexus). The BBB+ credit rating with a stable outlook has been maintained. 

In its report, S&P notes that it views Latvia's regulatory framework for gas transmission and storage as supportive for the sector and offers regulatory transparency at least until 2026. 

S&P is one of the leading international credit rating agencies, which also determines Latvia's sovereign credit rating at international level. The rating agency monitors key developments and developments and assesses financial stability. 

A credit rating is an assessment of the creditworthiness of a company, region or country. A credit rating is based on the past and current financial history of market participants, as well as an assessment of their assets and financial liabilities.