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Current Report No. 41/2017

21.12.2017 00:00

TAURON ratings and outlooks affirmed; rating assigned to the hybrid bonds program

​Management Board of TAURON Polska Energia S.A. would like to inform that on December 21, 2017 Fitch rating agency (”Fitch") affirmed long-term foreign and local currency IDRs of TAURON Polska Energia S.A. at 'BBB' with a stable outlook and assigned local currency subordinated rating of 'BB+' and national subordinated rating of 'BBB+(pol) to the PLN400 million hybrid bonds program.


Full list of rating actions includes:

· long-term foreign and local currency IDRs affirmed at 'BBB'; stable outlook,
· short-term foreign and local currency IDRs affirmed at 'F3',
· existing hybrid bonds affirmed at 'BB+',
· national long-term rating affirmed at 'A+(pol)'; stable outlook,
· national senior unsecured rating affirmed at 'A+(pol)',
· foreign currency senior unsecured rating of Eurobonds affirmed at 'BBB',
· ratings assigned to PLN400 million hybrid bonds program: local currency subordinated rating of 'BB+' and national subordinated rating of 'BBB+(pol).

Fitch report is available on the website: www.fitchratings.com.​

 

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