Moody's maintained Energa SA's rating
Belongs to:
- Current reports
Current Report No. 3/2025
Date: 17 January 2025
Subject: Moody's maintained Energa SA's rating
Legal basis: Article 17(1) MAR - inside information.
The Management Board of Energa SA ("Company", "Issuer") informs that on 17 January 2025 the rating agency Moody's Investors Service ("Agency", "Moody's") maintained the Company's Long-Term Issuer Ratings - Domestic Currency at the level "Baa1" with a stable outlook and other ratings that are associated with the Issuer.
The Agency pointed out that the Issuer's ratings are supported by, among others, overall low business risk profile, given that majority of the Energa Group's ("Group") earnings stems from regulated electricity distribution grid activities, and the Company's close integration into its higher rated parent company ORLEN S.A. ("ORLEN", A3 stable).
Simultaneously Moody's adds that the Company's ratings are constrained by, among others, the higher business risk profile of the Group's power generation and energy supply businesses as well as execution risks related to its sizeable investment program over the next few years.
The Agency's full report is available on the Moody's website. The rating was awarded at the request of the Issuer.