Japanese agency confirms Poland's currency rating at "A-"

The Japanese Rating Investment and Information agency has confirmed Poland's foreign currency rating at "A-", and raised the country's rating prospects from negative to stable.

Explaining the move, the agency noted that Poland's fiscal deficits and government debt were sinking, with a recent retirement age cut causing no special budget problems. According to the agency, it was improbable that Poland's fiscal position would worsen, and its economy was expected to remain strong.

On the agency's rating scale, an "A" rating signifies "high creditworthiness backed by several distinctive factors."