Polish PGNiG Ends Agreement with S&P
Polish state-run gas firm PGNiG said on Monday it terminated its agreement with rating agency Standard and Poors (S&P), which will be followed by S&P withdrawal of PGNiG's BBB- rating with stable outlook.
The company said that its bonds still maintain an investment grade rating from Moody's Investors Service.
PGNiG spokesman declined to provide further details when asked whether the decision is related with S&P downgrade of Poland's credit rating earlier this month.
(Reporting by Agnieszka Barteczko)
