-- Moody's affirmed the long-term issuer rating of Orlen (PKN.WA) at A3, citing the company's "strong" balance sheet and strategic importance to Poland.
In a Wednesday note, the rating agency also highlighted the Polish state-owned energy group's integrated business model and liquidity, as well as expectations that the company will benefit from higher oil prices and a favorable environment in 2026.
The outlook on the rating is stable, reflecting expectations that Orlen will continue to manage its balance sheet conservatively.