Ratings agency Standard & Poor has upheld Poland's rating at A- for long-term liabilities in foreign currency, with stable outlook, the agency has reported in a statement.
The Polish economy is expected to shrink by 3.4 pct in 2020 against a previous 4.0 pct decline, global ratings agency Standard & Poor said in its revised forecast.
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.
S&P Global Ratings maintained its forecast for the decline in Poland's GDP at -4 percent in 2020, according to a press statement released on Wednesday.
S&P Global Ratings has revised its forecast for the decline in Poland's GDP to -4 percent in 2020 from the previous -2 percent, according to an S&P report from May 7.
Global ratings agency S&P has maintained Poland's A- long-term foreign currency debt rating, pointing to the country's diversified economy, safe debt levels and strong macroeconomic foundations, Poland's Finance Ministry said in a Friday evening news release.
The S&P rating agency has kept Poland's rating at A-/A-2 for long- and short-term foreign currency obligations and A/A-1 for long- and short-term domestic currency obligations, the Finance Ministry informed on Saturday.
Late Friday, S&P Global Ratings announced that it had affirmed Poland's credit rating at 'A-'. The agency also defined the ratings outlook as stable.
Government welcomes upgrade saying its policies are bringing “tangible results”.
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.
This site uses "cookies". By staying on it, you agree to the use of cookies.
