Rating

Credit rating

PGE Polska Grupa Energetyczna S.A. holds credit ratings assigned by two leading international rating agencies: Fitch and Moody’s.

	Moody's	Fitch
Long-term company rating (IDR)	Baa1	BBB+
Rating outlook	Stable	Stable
Date of rating assignment	September 2, 2009	September 2, 2009
Date of the latest rating confirmation	November 6, 2017	October 24, 2017
Senior unsecured rating		BBB+
Date of the latest rating change	May 26, 2014	August 4, 2011
Date of the latest rating confirmation		August 5, 2016
Long-term national rating		AA (pol)
Date of rating assignment		August 10, 2012
Date of the latest rating change		August 3, 2016
Poland long-term rating	A2	A-
Definitions and methodologies	Here	Here