S&P: Poland unchanged

Standard & Poor's said that the breakdown of Poland's coalition government has no effect on the sovereign ratings of the Republic of Poland (BBB+/stable/A-2), regardless of whether this results in the formation of a new government coalition, or in early elections later this year.

The agency added that the ratings on Poland remain constrained by a lack of any clear structural reform agenda and by little ambition in consolidating public finances, which led to S&P's revising its outlook on Poland's sovereign ratings to stable from positive in April.

S&P noted that the ejection of the populist Samoobrona party from the coalition and the resulting loss of a parliamentary majority, does not improve Poland's reform perspective, even if a strong political will were to exist.

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