London, 20 June 2014 -- Moody's Investors Service has today affirmed the Baa3 issuer rating of Polski Koncern Naftowy Orlen S.A. ("PKN ORLEN" or the "Guarantor") and assigned a provisional (P)Baa3 rating to the Euro-denominated senior unsecured bonds to be issued by ORLEN Capital AB (publ) ("ORLEN Capital" or the "Issuer") and guaranteed by PKN ORLEN. The outlook on all of the ratings is stable.

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