Asahi shares mark weekly slide after cyberattack halts production
WARSAW - Fitch Ratings has revised its outlook on TAURON Polska Energia S.A. to positive from stable, while affirming the company’s long-term foreign and local currency Issuer Default Ratings (IDRs) at ’BBB-’, according to a statement released Monday.
The rating agency maintained TAURON’s short-term foreign and local currency IDRs at ’F3’ and affirmed its national long-term rating at ’A(pol)’ with a positive outlook.
Fitch also affirmed ratings on several of TAURON’s debt instruments, including its €500 million foreign currency senior unsecured unsubordinated rating at ’BBB-’ and PLN 750 million hybrid bonds (EIB) rating at ’BB’.
Additionally, the PLN 400 million hybrid bonds and hybrid bond issue program (Bank Gospodarstwa Krajowego) rating was affirmed at ’BB’, with the national rating for the same program and bonds affirmed at ’BBB(pol)’.
TAURON Polska Energia is one of Poland’s largest energy companies. The company made the announcement through a regulatory filing, citing Article 17 section 1 of MAR - inside information as the legal basis for the disclosure.
The full Fitch report is available on the rating agency’s website, according to the company’s press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.