DBRS revises Poland view to stable

DBRS said it confirmed the Republic of Poland’s long-term foreign and local currency issuer ratings at A and changed the trend to stable from negative.

The agency also confirmed the short-term foreign and local currency issuer ratings at R-1 (low) with a stable trend.

DBRS said the change in trend underlines its view that: (a) The ongoing issue on the conversion of foreign currency mortgage loans to local currency loans is unlikely to undermine financial institutions; (b) fiscal targets are being adhered to; and (c) concerns regarding the rule of law have not materially impacted the economic environment.

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