Fitch rates Poland bond A-

Fitch Ratings said it assigned the Republic of Poland's 10-year $1.5 billion sovereign bond issue a rating of A-. The rating is in line with Poland's long-term foreign-currency issuer default rating of A-.

The outlook is stable.

Moderate macroeconomic imbalances, a relatively small and robust banking system, deep domestic local-currency financing markets and a credible monetary and exchange-rate regime underpin Poland's resilience to shocks and support sovereign creditworthiness, Fitch said.

The weaker economic environment is having a negative impact on Poland's budget performance and has increased the government's borrowing requirement, the agency said.

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