Fitch affirms PGE`s Long-term IDR and senior unsecured rating

http://szukaj.pgeej1.pl/press-center/press-releases/corporate
Fitch affirms PGE's Long-term IDR and senior unsecured rating
10.08.2012
The Management Board of PGE Polska Grupa Energetyczna S.A. discloses that on August 10, 2012 Fitch
Ratings affirmed the Company’s Issuer Default Rating (“IDR”) and senior unsecured rating at BBB+. The
outlooks are stable. The agency also assigned Company a National Long-term rating of AA-(pol) with a
stable outlook.
According to a Fitch Ratings definition national rating AA determinates that an issuer or bond issue
represent very low risk in comparison with other issuers or bond issues in Poland. Risk is only
insignificantly higher than risk represented by issuers or bond issues with the highest rankings.
The full content of the statement issued by Fitch Ratings is available on PGE’s website.
Emilia Cieniuch
Senior PR Specialist, PGE Polska Grupa Energetyczna S.A.
[email protected] +48 783 921 880
The PGE Capital Group is the largest company in Poland's energy sector with respect to revenues and
generated earnings. Thanks to the combination of its own fuel resources and power generation capacities as
well as the possession of its own distribution networks, PGE guarantees a safe and reliable supply of
electricity to over five million customers. PGE CG's business activities comprise the mining of lignite, the
generation of electricity and heat as well as the wholesale trade, distribution and retail sales of electricity.
Within the PGE Capital Group, the integration of the activities of the particular segments is the
responsibility of the following companies: PGE Polska Grupa Energetyczna S.A., PGE Górnictwo i
Energetyka Konwencjonalna S.A., PGE Energia Odnawialna S.A., PGE Energia Jądrowa S.A., PGE
Dystrybucja S.A. and PGE Obrót S.A. PGE CG is the undisputed leader in terms of installed capacities,
volumes of generated electricity, and the number of end customers. The PGE Capital Group has a 40%
share in Poland's power generation market and a 26% share in the electricity distribution market. The Group
employs over 43,000 people and boasts 13.1 GW of installed generation capacities. In 2011 the PGE
Capital Group's net electricity production reached the level of 56.52 TWh.