 Moodys Investors Service Moodys has today affirmed the Baa2 issuer rating of Polskie Gornictwo Naftowe I Gazownictwo S.A. PGNiG. The rating action follows the announcement on 14 July 1 by the listed Polish integrated oil and petrochemicals group Polski Koncern Naftowy ORLEN S.A. PKN ORLEN, Baa2 positive that it has signed a Letter of Intent LoI with the Polish State Treasury concerning taking capital control of PGNiG. 