S&P affirms Poland

Standard & Poor's said it affirmed the foreign-currency A-/A-2 and local-currency A/A-1 long- and short-term sovereign credit ratings.

The outlook on the long-term foreign-currency rating remains positive. The outlook on the local-currency rating is stable.

Ratings reflect Poland's competitive and increasingly diversified economy, which has sound growth prospects, the agency said.

Moderate government deficits and improved fiscal discipline also support the ratings, S&P added.

Ratings are constrained by high but falling general government debt levels, the large role that the public sector plays in the economy and comparatively low per capita gross domestic product, the agency noted.

© 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.