S&P Global Ratings Upgraded CGNI’s Rating to 'A-'; Outlook Stable
2/19/2026
Credit rating agency S&P Global Ratings has raised Czech Gas Networks Investments (CGNI) Long-Term Issuer Credit Rating (ICR) from 'BBB+' to 'A-'.
The rating upgrade is underpinned by (i) strong financial performance, (ii) supportive regulatory regime for gas distribution in the Czech Republic and (iii) dominant market position in the country, strengthened by the recent acquisition of Gas Distribution s.r.o.