Fitch assigns Poland's bond BBB+

Fitch Ratings said it has assigned the Republic of Poland's upcoming 10-year dollar-denominated bond, which is expected to raise between $1 billion and $1.5 billion, an expected BBB+ rating.

The rating is in line with Poland's long-term foreign currency rating and positive outlook.

Public finances are the main constraint on Poland's sovereign rating and the main challenge facing the next government, Fitch said.

Fitch said it expects the Law and Justice and the Civic Platform parties to form a stable government that will make progress in fiscal consolidation.

Fitch said it will closely monitor the formation of the new government, the assignment of ministerial portfolios between the parties, economic strategy and announcements of policy proposals.

Fitch said the outlook reflects that Fitch will likely upgrade the long-term foreign currency rating, depending mainly on the new government's economic policies.

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