ORLEN maintains a strong credit rating from Fitch Ratings
ORLEN continues to strengthen its financial position and credibility among investors. This is validated by Fitch Ratings, which has affirmed the company’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB+'. The Outlook is Stable. The agency primarily highlights the benefits stemming from consistent diversification and expansion of operational scale, as well as the maintenance of solid and stable financial fundamentals.
The affirmation reflects ORLEN’s strong credit profile supported by the large scale of its operations, solid business diversification, and presence in the utilities sector, which contribute to generating stable cash flows. In its assessment, the agency took into account the Group’s investment plans and updated financial strategy, including its dividend policy.
Fitch noted that the forecasted financial metrics (e.g., net debt/EBITDA) could rise significantly due to a ramp-up in capex. However, the company possesses appropriate tools and policies to mitigate any potential breaches. Furthermore, the agency emphasised that ORLEN’s plans to increase dividends are counterbalanced by flexibility in its growth capex and funds for mergers and acquisitions under its updated business strategy.
The IDR provides a condensed overview of a company’s financial and economic condition, interpreted by the market according to the scale used by the rating agency.
