Fitch Ratings has affirmed TAURON Polska Energia S.A.'s long-term foreign and local currency Issuer Default Ratings at BBB-, with a stable outlook. The company's €500 million foreign currency senior unsecured unsubordinated debt also retains a BBB- rating. The short-term foreign and local currency IDRs were affirmed at F3, while the national long-term rating was affirmed at A(pol) with a stable outlook.
The BBB- rating is noted as the lowest investment-grade rating on Fitch's scale, indicating adequate credit quality with some speculative characteristics. TAURON, based in Katowice, Poland, has a Legal Entity Identifier (LEI) of 259400NAPDFBOTNCRL54.
