Our credit view of this issuer reflects its tight integration into ORLEN and strong level of expected government support, partly offset by high capital expenditures.
Our credit view of this issuer reflects its strong level of expected government support, constrained by some uncertainty around how government interventions to lower electricity bills.
Our credit view of Energa S.A. reflects its earnings from thermal and renewable generation, against the price volatility stemming from its substantial short position in own generation.
Our credit view of Energa reflects its substantial planned investment programme, constrained by the price volatility stemming from a substantial short position in own generation.
Our credit view of Energa S.A., reflecting its current credit profile and the impact of the acquisitions of Lotos and PGNiG by Energa's new parent PKN ORLEN.
Our credit view of Energa S.A., reflecting the significant proportion of regulated distribution earnings in the company's cash flow and its sizeable investment programme.