Assessment of PGNiG creditworthiness by rating agencies

Credit rating is an evaluation of the creditworthiness of a business entity or of the risk associated with various financial instruments. Credit ratings are assigned by credit rating agencies, which apply a rating scale with letter and number designations and plus or minus signs to adjust the rating upwards or downwards.

PGNiG received two rating outlooks listed below:

Agency* Rating Outlook The last update Link
Fitch Ratings BBB- stable 09.10.2018 Press release
Moody's Investors Service Baa2 stable 26.06.2019 Press release

The previous rating of Fitch Ratings:

  • "BBB-", outlook "stable" 20.04.2017 link

The previous rating of Moody's Investors Service:

  • "Baa3", outlook "stable" 16.05.2017 link
  • "Baa3", outlook "stable" 12.02.2016 link
  • "Baa3", outlook "stable" 30.09.2014 link
  • "Baa2", outlook "negative" 20.11.2012 link
  • "Baa1", outlook "negative"
  • "Baa1", outlook "stable"


* On January 29th Standard & Poor's withdrew the rating "BBB-", outlook "stable" at the issuer's request.