Moody's Lifts Energa's Rating Following Full Integration with Orlen

01:30 AM EDT, 10/30/2026 (MT Newswires) -- Moody's Ratings on Thursday raised its long-term issuer rating on Energa (ENG.WA) to A3 from Baa1, with a stable outlook. The upgrade follows the Polish energy distributor's full integration into parent company Orlen (PKN.WA) after the completion of a squeeze-out of minority shareholders. It also reflects Moody's expectation that Energa will maintain its standalone credit quality, supported by its low business risk profile. Meanwhile, the stable outlook reflects Moody's expectation that Energa will continue to have access to intragroup funding from Orlen when needed.