Poland’s long-term rating in foreign currency was affirmed at the A- level with stable outlook by global rating agency Fitch on November 10.
According to the agency, “Poland’s ratings are supported by a diversified economy, a fairly sound macroeconomic framework anchored by EU membership, and slightly lower public debt levels than rated peers. This is balanced against lower governance indicators and income levels than the A medians.”
Poland’s mid-term growth is seen at 3.2% by the agency.
Among the factors that might lead to a rating downgrade, Fitch listed rapid increase in government debt.
Fitch previously confirmed Poland’s rating on June 24, with the current rating in place since late 2007.
Poland has a two-notch set of ratings at A2 from Moody’s and at the lower A- from Fitch and S&P. (PAP/Business World Magazine)