Fitch Ratings affirms Issuer Default Rating and unsecured rating. PGE assigned a national long-term rating
47/2012
10.08.2012 15:53
Art. 56 section 1 p. 2 of Act on Public Offering – current and periodic information
Contents of the report
The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”, “Company”) discloses that on August 10, 2012 Fitch Ratings affirmed the Company’s Issuer Default Rating (“IDR”) and senior unsecured rating at BBB+. The outlooks are stable. The agency also assigned Company a National Long-term rating of AA-(pol) with a stable outlook.
According to a Fitch Ratings definition national rating AA determinates that an issuer or bond issue represent very low risk in comparison with other issuers or bond issues in Poland. Risk is only insignificantly higher than risk represented by issuers or bond issues with the highest rankings.
The full content of the statement issued by Fitch Ratings is available on PGE’s website.
Legal ground: § 32 in connection with § 5 section 1 point 26 of the Regulation of the Minister of Finance dated February 19, 2009 on current and periodic information published by issuers of securities and on conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state. (Dziennik Ustaw of 2009, No. 33, item 259, as amended).
According to a Fitch Ratings definition national rating AA determinates that an issuer or bond issue represent very low risk in comparison with other issuers or bond issues in Poland. Risk is only insignificantly higher than risk represented by issuers or bond issues with the highest rankings.
The full content of the statement issued by Fitch Ratings is available on PGE’s website.
Legal ground: § 32 in connection with § 5 section 1 point 26 of the Regulation of the Minister of Finance dated February 19, 2009 on current and periodic information published by issuers of securities and on conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state. (Dziennik Ustaw of 2009, No. 33, item 259, as amended).
Signatures of persons representing the company
| Date | Name | Position and function |
|---|---|---|
| 2012-08-10 17:53:42 | Krzysztof Kilian | President of the Management Board |
| 2012-08-10 17:53:42 | Wojciech Ostrowski | Vice-President of the Management Board |