EuroRating affirms Enea's credit rating

On 21 September Euro Rating agency affirmed Enea's credit rating at BBB with a stable standing.

EuroRating confirms Enea's credit rating. As a result of an extraordinary verification of the credit rating on 21 September Euro Rating agency affirmed Enea's credit rating at BBB with a stable standing. The verification of the credit rating is related tender offer for the sale of sales of LW Bogdanka, as a result of which Enea will have 66% in the shareholding of the mining company. EuroRating anticipates that the transaction of Bogdanka's takeover will be financed in a major part by Enea from foreign capitals, as a result of which the Group's debt will increase. According to the current estimates of the agency it will not be a growth so much significant to considerably affect the general credit risk profile of the Company. EuroRating emphasises as well that the takeover of the control over Bogdanka will allow Enea to guarantee uninterrupted supplies of coal extracted by one of the most efficient Polish mines.

EuroRating agency since 2007 has been conducting the ratings of credit risks of e.g. Polish companies listed on WIG20 index.