The Fitch rating agency has affirmed Poland's rating at A- with a stable outlook, the agency said in a Friday statement.
Good growth outlook supports Poland's rating, with the country facing a number of credit challenges including a significant structural deficit and a return to fiscal rules after the pandemic, rating agency Moody's wrote in a report dated September 15.
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.
The Fitch ratings agency on Monday maintained Poland's GDP growth forecast at -3.2. percent in 2020 and at 4.5 percent in 2021.
Fitch Agency has downgraded Poland's economic growth forecast in 2020 to minus 3.2 percent year on year from the minus 1.7 percent expected in late April, and raised it to 4.5 percent in 2021 from 4.3 percent forecast earlier.
Poland's economic growth will decline to minus 1.7 percent in 2020, the ratings agency Fitch said in its latest forecast, cutting its previous growth estimate of minus 0.6 percent.
Poland's economic growth will decline to minus 0.6 percent in 2020, the ratings agency Fitch said in its latest forecast, cutting its previous growth estimate of 1.8 percent.
Agency’s positive rating reflects the strength and resilience of the Polish economy.
Global ratings agency Fitch, in its report on Thursday, stated that it had cut the GDP growth forecast for Poland to 1.8 percent in 2020 from the previously expected 3.3 percent.
Global ratings agency Fitch has raised its GDP growth forecast for Poland to 4.2 percent in 2019 from the previously expected 4.0 percent.