S&P lowers Poland's deficit forecast in 2018 to 0.9 pct of GDP

The S&P Global Ratings agency has lowered its estimate of Poland's 2018 general government deficit to 0.9 percent of the country's GDP from 2.0 percent, the agency's report from Thursday shows.

S&P issued its previous forecast in July.

The latest report provides no rationale for the revision.

Of the three largest agencies, Moody's rates Poland's creditworthiness the highest, at "A2". Fitch assigned Poland a rating of "A-" (one level below Moody's). The outlooks of both assessments are evaluated as stable. S&P rates Poland at the "BBB +" level, two levels lower than Moody's, with a positive outlook.