Energa with strong credit ratings
The credit rating agency Moody’s Investor Service has maintained a long-term credit rating of “Baa1” for Energa SA, in both local and foreign currency. This is the second high and stable rating for the company in recent months—back in December, Fitch Ratings also reaffirmed its BBB+ rating, currently the highest among Poland’s largest energy groups.
In brief
Moody's Investor Service has affirmed the long-term Baa1 rating for Energa SA in domestic and foreign currency. Fitch Ratings maintained its BBB plus rating in December, currently the highest among the largest Polish energy groups. Moody's Investor Service upgraded Energa SA from Baa2 to Baa1 in 2023, and Fitch Ratings awarded BBB plus for the first time in 2022. Sławomir Staszak, President of the Management Board of Energa SA, pointed to ambitious plans for the development of generation assets and distribution networks as well as opportunities in the energy storage segment.
An important factor contributing to Energa's strong credit ratings is its active development and modernization of the power grid. This translates into a solid business profile focused on predictable, regulated distribution activities.
- We are in the midst of an energy transition, and our plans for further development of generation assets and distribution networks are very ambitious. Moreover, in the changes awaiting the energy sector, we see not only challenges but also growth opportunities, particularly in the energy storage segment. The stable economic pillars of our capital group, regularly confirmed by external financial agencies, allow us to confidently monitor ongoing investment processes while pursuing the ambitious strategic goals of the Orlen Group - said Sławomir Staszak, President of the Management Board of Energa SA.
Moody’s Investor Service upgraded Energa SA’s long-term rating from “Baa2” to the current “Baa1” in 2023. Meanwhile, Fitch Ratings awarded the company a “BBB+” rating for the first time in 2022. Energa SA is also evaluated for ESG ratings by Sustainable Fitch. In November 2024, the company achieved its highest ESG Entity Rating in history, scoring a "2" on a five-point scale.
Source: Energa / Gazeta Morska · Compiled by: Kamil Kusier
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