Fitch affirms Poland

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

The outlook is stable.

Fitch also said it affirmed Poland's short-term rating of F2 and country ceiling of AA-.

The government's progress in fiscal consolidation in 2011 and plans for further deficit reduction in 2012 have eased prior downward pressure on Poland's rating, the agency said.

Poland's growth performance and macroeconomic resilience, along with credible monetary and exchange-rate regime also support its ratings, Fitch said.

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