Moody's upgrades and withdraws PGNiG's rating
Moody's Investors Service ("Moody's") has today upgraded the long-term issuer rating of Polskie Gornictwo Naftowe I Gazownictwo S.A. ("PGNiG") to A3 from Baa2. At the same time, Moody's has withdrawn the baa3 Baseline Credit Assessment ("BCA") of PGNiG. The outlook remains stable. Subsequent to the ...Polskie Gornictwo Naftowe I Gazownictwo SA Polish Oil & Gas Co (PGNiG) is an integrated natural gas company based in Poland. Co.'s core activity covers exploration and production of natural gas and crude oil as well as import, storage, trade and distribution of gas and liquid fuels. Co.'s scope of activity includes gas trading and commercial support, as well as operation, maintenance and expansion of its distribution system. Co.'s distribution networks comprises over 100 thousand kilometers of gas pipelines (high, upper-medium, medium and low pressure), which cover primarily industrialized and urbanized areas of the country.
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