Fitch: Poland elections ahead

Fitch Ratings said that while early elections set for October in Poland (foreign-currency issuer default rating A- with stable outlook) increases near-term uncertainty, immediate rating implications are limited given the support to creditworthiness from the broad-based economic upturn and robust external position.

The elections provide a fresh opportunity for the establishment of a more stable, pro-reform government, Fitch said, but such an outcome is far from clear.

The stable outlook on Poland's ratings reflects a low near-term likelihood of a rating change in either direction, the agency said.

Over the medium term, creditworthiness would be enhanced by a renewed momentum for greater fiscal consolidation and reforms to Poland's social security system, the agency said. In contrast, a significant and sustained increase in populist policies could put the ratings under downward pressure, Fitch added.

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