S&P confirm Poland's rating

The S&P rating agency has kept Poland's rating at A-/A-2 for long- and short-term foreign currency obligations and A/A-1 for long- and short-term domestic currency obligations, the Finance Ministry informed on Saturday.

The ministry said Poland's rating prospects are stable.

S&P said in a Friday press release that Poland owed its rating among others to a diversified economy, qualified workforce, safe debt levels and a relatively deep capital market. The agency also made note of Poland's high export figures in the first half of 2019 and the growing role of services in its export palette, and praised recent upgrades of the VAT system.

S&P wrote that higher ratings for Poland will depend on the wage growth rate and public debt reduction.