No change in Poland’s rating from Fitch and Moody’s

Moody's and Fitch agencies released their credit rating for Poland late on Friday. Both agencies left Poland's rating unchanged.

Archive PAP/EPA / epa03912777 An exterior view of the offices of Fitch Ratings in New York, New York, USA, 16 October 2013. Democratic and Republican Senate leaders on 16 October announced a deal to raise the US debt limit ahead of the 17 October deadline and reopen the federal government, which has been closed since 01 October. The uncertainty over the way forward earlier on 16 October had prompted Wall Street ratings agency 'Fitch Ratings' to warn that the country's AAA credit was at risk. EPA/ANDREW GOMBERT Archive PAP/EPA

Fitch informed that Poland’s credit rating stays at A minus with stable outlook. This reflects the agency’s opinion that positive and negative factors influencing the rating are balanced at this point.

According to the agency’s statement, Poland’s rating could be raised as a result of continued high GDP growth or continued reduction in the external debt ratio supported by a strong current account balance and capital inflow. The rating could be lowered, however, in the case of deterioration of public finances, with public debt higher than the EU-prescribed 3-percent threshold or a weaker macro-economic policy framework resulting in deterioration of the investment climate, macro instability and lower GDP growth.

In its Friday press release Moody’s agency informed that it had not updated its rating for Poland. The country’s rating remains at the level of A2/P-1 for long- and short-term liabilities respectively in foreign and local currency, with a negative outlook.

In May 2016 Moody’s kept Polish credit rating at A2/P2 but changed the outlook from stable to negative.

In December 2016, Standard & Poor’s kept its rating for Poland unchanged at BBB plus, raising the outlook from negative to stable. (PAP)

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