Ciech

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Current report no.: 43/2015

An increase in the rating of the Standard & Poor’s Ratings Services agency for CIECH S.A.

Current report no.: 43/2015 

Date of report: 2015-11-25

 Abbreviated name of issuer: CIECH SA

 Subject: An increase in the rating of the Standard & Poor’s Ratings Services agency for CIECH S.A.

 Legal basis : Art. 56 section 1 point 2 of the Act on Offering – current and periodic reports

Text of the report: 

The Management Board of CIECH S.A. ("the Issuer", "the Company") hereby announces that on 25 November 2015, the Standard & Poor’s Ratings Services rating agency announced publication of a report, where, in view of an improvement of the the results achieved by the Company and a decrease in the relative level of indebtedness, it raised the corporate rating of the Comoany and of debentures issued by the Ciech Group Financing AB (publ) from "B+" to "BB-", with a stable perspective.

 

The Issuer announced the granting of the rating in current report no. 52/2012, dated 16 November 2012. The Issuer announced the sustaining of the rating in current report no. 27/2013 of 27 June 2013 and in report no. 13/2014 of 14 May 2014. The Issuer announced the increase of the rating in current report no. 71/2014, dated 17 November 2014.  

 

Legal basis: § 5 section 1 point 26) of the of the Regulation of the Minister of Finance of 19 February 2009 regarding current and periodic information delivered by issuers of securities and on conditions of recognition of information required under non-member state law regulations as equivalent.


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