Moody's upholds Poland's rating at A2

Moody's upholds Poland's rating at A2 Juan Ignacio Roncoroni/PAP/EPA

Rating agency Moody's did not update Poland's credit rating on Friday. This means that the country's long-term foreign currency rating continues at A2 with a stable outlook.

Moody's is the author of Poland's highest rating among the three major rating agencies. According to Fitch and S&P, Poland's rating is A-, also with a stable outlook.

On September 3, Moody's chief analyst for Poland Heiko Peters told PAP that Poland could see limited implications for its rating from the pandemic given its favourable economic growth outlook. He added then that the agency expects Poland to re-apply domestic and EU fiscal rules from 2022.

Fitch will publish its new rating review for Poland on September 25, and S&P on October 2.