S&P lowers Poland outlook to stable

Standard & Poor's said it revised its outlook on the long-term foreign currency sovereign credit rating on the Republic of Poland to stable from positive.

At the same time, the A-/A-2 foreign currency and A/A-1 local currency ratings were affirmed, the agency said, noting that the outlook on the long-term local currency sovereign credit ratings is stable.

The outlook revision reflects the adverse impact that the agency said it expects the deteriorated international economic and financial environment to have on the Polish economy.

Slowing external demand, tightening credit conditions, and reduced availability and higher cost of external funding will lead to a slowdown in economic activity and increased pressure on private and public

sector balance sheets, S&P added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.