Fitch rates Poland bonds A-

Fitch Ratings said it has assigned the Republic of Poland's upcoming three-year ¥23.3 billion and five-year ¥21.5 billion sovereign bond issues a rating of A-.

The rating is in line with Poland's long-term foreign currency issuer default rating of A-, which has a stable outlook, the agency said.

"Poland has coped relatively well with the sharp deterioration in the external economic and financial environment and Fitch forecasts it to have the strongest economic growth rate in the E.U. this year," said David Heslam, director, Fitch's Sovereign team.

"This reflects Poland's relatively low reliance on external trade, moderate macroeconomic imbalances, relatively strong banking system and credible monetary and exchange rate regime, which underpin economic stability and medium-term growth prospects."

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