S&P upgrades Poland's outlook to positive
Ratings agency S&P Global Ratings has revised Poland's rating outlook to positive from stable and affirmed the country's long-term "BBB+/A-2" long- and short-term credit ratings in foreign currency, the agency said in a Friday report.
The long- and short-term credit rating in the domestic currency was affirmed at A-/A-2, also with a positive outlook.
The agency said that it expected a robust growth of the Polish economy in 2018 on the back of strong external demand, generous EU transfers and the solid fundamentals of the Polish economy.
The positive outlook means the rating might be upgraded in the horizon of the next 24 months.
Among the three major ratings agencies, Moody's has given Poland the highest score, "A2", while Fitch has rated the country's creditworthiness one notch lower, at "A-". Both agencies' outlooks are stable.
S&P's "BBB+" rating is two notches down from Moody's.