Fitch raises Poland’s GDP growth forecasts

Fitch rating agency has raised the forecast of Poland’s GDP dynamics in 2018 to 5.1 percent from 4.8 percent, and to 3.8 percent from 3.6 percent in 2019, according to results from the latest macroeconomic forecasts of the Fitch agency. In 2020, Fitch expects a slowdown in economic growth in P...

Locked content Polish banking sector with stable outlook – Fitch

The outlook of the banking sector in Poland is stable, reflects their good financial condition and good liquidity based on deposits of domestic customers – Fitch said in a report on banks from the CEE. Fitch believes that the expected slowdown in economic growth will cause a moderate slowdown ...

Fitch: economic growth to taper off in 2020

Ratings agency Fitch expects Poland’s economic growth to slow down to 2.9 percent in 2020, from 3.4 percent in 2019 and 4.4 percent in 2018, the agency stated. The agency raised its projections for inflation in 2018-2019 to 2.5 percent at the end of this year (from a previous forecast of 2.3 percent...

Locked content Fitch: Article 7 procedure could affect future EU subsidies

The European Commission’s recommendation that Article VII procedures should be launched against Poland should not have a material short-term impact on growth or public finances, but can affect the negotiations for the next EU funding cycle, Fitch Ratings agency said. “Cuts in EU funds and/or a...

Locked content BZ WBK takeover of Deutsche Bank Polska rating neutral – Fitch

Fitch rating agency analysts assume that the acquisition of a part of Deutsche Bank Polska will not affect the credit rating of BZ WBK, due to the small scale of transactions and the planned increase in BZ WBK’s capital in connection with the acquisition. “The transaction will increase BZ WBK&...

Fitch affirms Poland A- rating, outlook stable

Rating agency Fitch has decided to keep Poland’s A- rating and kept stable outlook unchanged. “Poland’s ‘A-‘ ratings reflect its strong macro fundamentals, supported by a sound monetary framework and solid banking sector. The ratings are constrained by weak GDP per capita rel...

Power sector might not be able to finance nuclear plant – Fitch

According to ratings agency Fitch, Polish state-owned utilities have no room to increase their debt after 2020 to finance large investments. “Beyond 2020, the four power firms will have no room to increase debt to finance large investment projects,” Fitch Ratings director Arkadiusz Wicik told the Po...

Locked content Polish power sector to issue PLN 33 bln in debt by 2020 – Fitch

Polish utilities will issue PLN 33 billion in new debt by 2020, Fitch Ratings agency wrote in its report. The forecasts covered six state-owned companies PGE, Enea, Tauron, PGNiG, PKN Orlen, and Energa. Out of that amount, PLN 17 billion will be earmarked for debt financing According to Fitch the de...