REG - Tauron Polska - Revision of the ratings granted by Fitch Ratings

Tauron Polska Energia SAAnnouncement

21/05/2020 11:15

RNS Number : 6345N
  
Tauron Polska Energia S.A.
  
21 May 2020
  
 

Statement re TAURON's ratings
21 May 2020
 
 
TAURON Polska Energia S.A.
LEI No: 259400NAPDFBOTNCRL54
 
 
Revision of the ratings granted by the Fitch Ratings agency
 
TAURON Polska Energia S.A. ("Issuer") informs that on May 21, 2020, Fitch Ratings agency ("Fitch") revised the ratings granted to the Issuer in such a way that selected ratings were affirmed unchanged, while some ratings were downgraded. The full list of rating actions is presented by the Issuer below:    
 
1. Long-term foreign and local currency IDRs were downgraded to "BBB-" from "BBB", stable outlook, 
2. Short-term foreign and local currency IDRs were affirmed at "F3", 
3. National long-term rating was downgraded to "A(pol)" from "A+(pol)", stable outlook,
4. Foreign currency senior unsecured rating of EUR 500 million Eurobonds was downgraded to "BBB-" from "BBB",
5. EUR 190 million hybrid bonds (European Investment Bank - "EIB") rating was downgraded to "BB" from "BB+",
6. PLN 750 million hybrid bonds (EIB) rating was downgraded to "BB" from "BB+",
7. PLN 400 million hybrid bond program and hybrid bond issue (Bank Gospodarstwa Krajowego S.A.) rating was downgraded to "BB" from "BB+", while the national rating of the same program and bonds was downgraded to "BBB(pol)" from "BBB+(pol)". 
 
Fitch report is available on the website: www.fitchratings.com 
 
 
Legal basis:
Art. 17, section 1 of the MAR Regulation - inside information.
 
 
 
 



Enquiries to:




TAURON Polska Energia S.A.
ul. ks. Piotra Ściegiennego 3
40-114 Katowice, Poland
 
Marcin Lauer - Head of IR 
Phone: +48 32 774 27 06
Paweł Gaworzyński - Chief IR Officer
Phone: +48 32 774 25 34
Mirosław Szczygielski - Chief IR Officer
Phone: +48 32 774 25 38



 


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