S&P revises Poland outlook to positive

Standard & Poor's said it revised its outlook on the long-term ratings on the Republic of Poland to positive.

The A-/A-2 long- and short-term foreign currency and A/A-1 long- and short-term local currency sovereign credit ratings were affirmed.

The agency also revised the transfer and convertibility (T&C) assessment for Poland to AA- from A+.

S&P said the outlook revision reflects its expectation that income levels in Poland will rise consistently on the back of broad-based and balanced economic growth, thereby improving the economy's resilience and capacity to bear debt.

The ratings on Poland remain supported by its strong, open, and competitive economy. The economy benefits from a floating exchange rate regime and domestic capital markets that permit the government to finance itself in local currency at long-dated maturities, the agency said.

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