Fitch affirms Poland

Fitch Ratings said it has affirmed the Republic of Poland's long-term foreign currency issuer default rating at A- and long-term local currency issuer default rating at A.

The outlooks on the long-term issuer default ratings are stable.

At the same time, the agency said it affirmed Poland's short-term foreign currency issuer default rating at F2 and country ceiling at AA-.

"Poland's economy will slow sharply this year. However, Fitch expects the downturn to be less severe than in most EU and emerging European countries, owing to its relatively closed economy, small banking system, credible monetary policy regime and moderate macroeconomic imbalances," said David Heslam, director in Fitch's Sovereign team.

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