Fitch affirms Poland

Fitch Ratings said it affirmed Poland's long-term foreign-currency issuer default rating at A-, long-term local-currency issuer default rating at A, short-term foreign-currency issuer default rating at F2 and country ceiling at AA-.

The outlook is stable.

Poland's ratings are supported by strong growth performance, macroeconomic stability, a credible monetary and exchange rate regime, significant fiscal financing flexibility, a relatively strong banking sector and political stability, Fitch said.

The ratings consider the deteriorating trend in Poland's public finances and a failure to implement sustained fiscal consolidation could lead to negative rating action, the agency said.

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