Fitch affirms PGE

Fitch Ratings said it has affirmed PGE Polska Grupa Energetyczna SA's long-term foreign and local currency issuer default ratings and foreign and local currency senior unsecured ratings at BBB+.

The outlooks are stable.

The agency has also assigned PGE a national long-term rating of AA-(pol) with a stable outlook, the agency noted.

According to Fitch, the ratings reflect PGE's vertically integrated operations in the Polish electricity market.

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