Poland's long-term rating in foreign currency was affirmed at the A2 level with stable outlook by rating agency Moody's on Friday evening.
The inflow of regular and additional EU funding will help boost Poland's GDP growth in the years 2021-27, the Moody's rating agency said on Tuesday.
The Polish economy will expand by 3.3 percent this year, according to ratings agency Moody's, which previously put the country's growth rate at 4.0 percent.
The Polish economy is expected to grow by 4 percent in 2021, global ratings agency Moody's has written in a report published on March 29.
Fitch confirmed on Friday evening the long-term rating of Poland in foreign currency at "A-" with a stable outlook, the agency said.
Global ratings agency S&P has no concerns about the level of Poland's public debt, according to one of the company’s chief analysts.
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.
Ratings agency Moody's has downgraded Poland's economic growth forecast to minus 3.8 percent from an earlier forecasted negative of -2.0 percent growth in 2020.
Rating agency Moody's believes that Poland's economy will shrink by 2.0 percent in 2020 and grow by 3.4 percent in 2021, but sees very little chance for a rating upgrade.
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