Poland’s finance minister has welcomed a positive report on the Polish economy by ratings agency S&P.
Fitch confirmed on Friday evening the long-term rating of Poland in foreign currency at "A-" with a stable outlook, the agency said.
A Japanese rating agency has rated Poland at the level of A with a stable outlook, the minister of finance, funds and regional policy announced on Friday.
Almost half of the respondents to a CBOS poll expressed dissatisfaction with the performance of Polish President Andrzej Duda, his weakest result since he took office in 2015.
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.
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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