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.

business power engineering tricity news

18 january 2025   |   21:38   |   Source: Energa / Gazeta Morska   |   Prepared by: Kamil Kusier   |   Print

fot. Energa

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.

energa grupa orlen biznes na pomorzu

comments

---

enter content

COMMENT

nick

Add the first comment