Global ratings agency S&P has confirmed Poland's long-term A- rating in foreign currencies with a stable outlook, the agency said in a Friday statement.
S&P Global Ratings revised down Poland's GDP growth forecast for 2022 to 3.6 percent, from its previous estimate of 5.0 percent.
S&P Global Ratings revised down Poland's GDP growth forecast for 2022 to 5 percent, from its previous estimate of 5.3 percent.
The Polish finance minister has welcomed the high rating conferred on Poland by the S&P ratings agency and the firm’s “attention to the safe level of our public and private debt.”
The Polish minister of finance has said the decision made by the global agency Standard & Poor (S&P) to forgo a review of Poland's rating is proof that the country's economy and public finances are in good shape.
Rating agency Standard and Poor's (S&P) has raised Poland's economic growth forecast to 5.1 percent in 2021 from the 4.5 percent expected earlier.
The prime minister has attributed an increase in Standard and Poor's GDP forecast for Poland to the government's New Deal programme.
The Polish economy is expected to expand by 4.5 percent this year and by 5.4 percent next year, global ratings agency Standard & Poor has said in a revised forecast.
The S&P Global Ratings agency assumes that Poland and the EU will reach a compromise over funds in the next EU budget being tied to observance of the rule of law and has also lowered its 2021 GDP growth forecast from 4.5 pct to 3.8 pct, S&P has reported.
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.