Fitch lifts Wielkopolska view to positive

Fitch Ratings said it revised the outlook on the Polish region of Wielkopolska to positive from stable.

The agency also said it affirmed the region's long-term foreign-currency rating at A-, long-term local-currency rating at A, national long-term rating at AA+(pol) and short-term foreign-currency rating at F2.

The outlook is stable.

The actions follow the recent revision of the outlook on Poland to positive from stable.

The region's ratings are constrained by those of the sovereign, Fitch said.

Wielkopolska has solid strategic and financial management and sound budgetary performance, which together with high liquidity and high capital revenue guarantees strong self-financing capacity for its broad investment plans, the agency said.

Fitch said it believes that the region's tax base will remain strong in the medium term, allowing Wielkopolska to sustain tax revenue above the national average and financial flexibility.

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