TIDM75NN

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 ciegiennego 3 
  40-114 Katowice, Poland 
 
  Marcin Lauer - Head of IR 
  Phone: +48 32 774 27 06 
  Pawe Gaworzyński - Chief IR 
  Officer 
  Phone: +48 32 774 25 34 
  Miros aw Szczygielski - Chief IR 
  Officer 
  Phone: +48 32 774 25 38

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END

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May 21, 2020 06:15 ET (10:15 GMT)

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