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Emerging MarketsEM CEE

PGE on track for debut despite downgrade, PKN adds to polish pipeline

Moody’s cut Poland’s PGE Group by one notch on Monday, the same day the issuer started investor meetings ahead of its first ever euro bond deal. But the borrower remains investment grade despite the downgrade, which together with the lack of issuance from CEE corporates is whetting appetites, said debt bankers on the deal.

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