- No. of the report:28/2015
- Report date:09.10.2015
- Report legal ground:Art. 56 section 1 p. 2 of Act on Public Offering - current and periodic information
The Management Board of PGE Polska Grupa Energetyczna S.A. ('PGE') discloses that on September 10, 2015 Fitch Ratings has assigned an expected foreign currency senior unsecured rating of 'BBB+ (EXP)' to PGE Sweden AB (publ)'s planned Eurobonds issue under EUR 2,000,000,000 Euro Medium Term Note Programme established on May 22, 2014. PGE is a guarantor of the above mentioned programme.
According to a Fitch Ratings definition, BBB ratings indicate that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate but adverse business or economic conditions are more likely to impair this capacity.
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 2014 item 133).
Date | Name | Position and function |
---|---|---|
09.10.2015 | Marek Woszczyk | President of the Management Board |
09.10.2015 | Jacek Drozd | Vice-President of the Management Board |
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