Fitch affirms Energa at BBB

Fitch Ratings said it affirmed Energa SA's long-term foreign- and local-currency issuer default ratings at BBB with a stable outlook.

“The affirmation reflects the dominant share of the regulated electricity distribution business in Energa's EBITDA, the capex plan and the company's prudent financial policy,” Fitch said in a news release.

“Risks related to a 1GW coal-fired power plant Ostroleka C project are mitigated by the planned implementation of the project in a partnership and introduction of a capacity market in Poland.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.