The trading company Gasunie Trade & Supply B.V., which was established on 1 July 2005, has been awarded the second highest credit rating by both Standard and Poor's and Moody's Investors Service.
Standard and Poor's has given the company an AA/A-1+ rating. Moody's has given it a rating of Aa1. Both companies have given Gasunie Trade & Supply a 'stable' outlook.
This establishes Gasunie Trade & Supply B.V. as one of the most creditworthy gas trading companies in Europe. In 2004, the company's gas sales totalled 85.7 billion m3 and generated EUR 11.9 billion in revenue.
The new rating is based on the strategic value of Gasunie Trade & Supply to its three shareholders, the State of the Netherlands, Exxon Corporation and Royal Dutch Shell. The fact that it is also responsible for the exclusive sale of natural gas from the Groningen field is another reason for this high rating, in which the continued development and expansion of the Dutch gas industry plays a key role.
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More information: A. Warner, Gasunie Trade & Supply (+31 50 364 88 10)
