On 16 July Fitch rating agency affirmed the former long-term local and foreign currency rating of TAURON at BBB with stable outlook.
Fitch also confirmed the international short-term local and foreign currency rating at F3 level, the national long-term rating at A (pol) level with stable outlook and the national unsecured and unsubordinated debt rating at A (pol) level.
The affirmation of ratings reflects the high share of the distribution segment in the EBITDA result of TAURON Group (approximately 60%), which translates into higher predictability of cash flows and stabilises them in the unfavourable period for the generation segment. According to Fitch, the ratings take into account the balance of risks related to the stable distribution segment and generation segment operating in difficult environment.
