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Current Report No. 12/2019

17.04.2019 17:00

Ratings and outlooks affirmed and rating assigned to the hybrid bonds

TAURON Polska Energia S.A. (“Company”) announces that on April 17, 2019 Fitch Ratings rating agency (”Fitch") affirmed Company’s Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) at “BBB” with Stable Outlooks and assigned a local-currency rating of “BB+” and a national rating of “BBB+(pol)” to PLN 400 million hybrid bonds issued on March 29, 2019, under the hybrid bonds program with Bank Gospodarstwa Krajowego (“BGK”) from 2017.


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”,
-National Long-Term Rating affirmed at “A+(pol)”; Stable Outlook,
-Foreign-currency senior unsecured rating of EUR 500 million Eurobonds affirmed at “BBB”,
-National senior unsecured rating affirmed at “A+(pol)”,
-EUR 190 million hybrid bonds (European Investment Bank – „EIB”) affirmed at “BB+”,
-PLN 750 million hybrid bonds (EIB) affirmed at “BB+”,
-PLN 400 million hybrid bond program (BGK) affirmed at “BB+”,
-PLN 400 million hybrid bond program (BGK) national rating affirmed at “BBB+(pol)”,
-PLN 400 million hybrid bonds (BGK) assigned a rating of “BB+”,
-PLN 400 million hybrid bonds (BGK) assigned a national rating of “BBB+(pol)”.


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

Art. 17 sec. 1 of MAR – inside information.

Attachments

Current Report No. 12.pdf

 
 

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