Fitch increases Poland’s GDP growth forecast to 4.4% in 2017

GDP growth will come in at 4.4 percent in 2017, then slow down to 3.6 percent in 2018 and to 3.2 percent in 2019, according to the latest projections by the Fitch ratings agency. Fitch increased GDP growth projections by 0.4 pp for 2017 and for 2018, and maintained its projection for 2019, compared ...

Locked content Fitch: CEE banks to see marginal improvement

According to rating agency Fitch, the banking sector in the CEE region, particularly in Poland, Romania, and Czechia should see a marginal improvement in overall profitability, as funding, assets quality, and capitalization metrics should remain healthy. “We expect faster credit expansion in 2018 on...

Locked content FX mortgage bill neutral for banks’ ratings – Fitch

Presidential draft bill on FX mortgage conversion shouldn’t have much impact on Polish banks and is seen as rating’s neutral according to rating agency Fitch. “Losses at Polish banks under the latest plans to reduce exposure to foreign-currency mortgages should have little impact on ratings for most...

Fitch: GDP growth in 2020-21 to reach 3.2%

According to the latest long-term forecasts by Fitch rating agency, Poland will have 3.2 percent GDP growth in 2020 and 2021, which would be on the same level as GDP growth predicted for 2018 and 2019. For this year, Fitch expects Polish economy to increase by 3.3 percent.

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 solid macro fundamentals, supported by a sound monetary framework and healthy banking sector. The ratings are constrained by a weak level of GDP pe...

Fitch upgrades Poland’s GDP forecasts

The Fitch rating agency raised its GDP estimate for Poland to 3.3 percent for 2017 (from the previous 3 percent). “Fitch expects Poland’s GDP in 2017 to accelerate to 3.3 percent from 2.7 percent in 2016 and will be driven by strong consumption growth and a rebound in the investment area,” the...

Fitch: EU membership is a strong support for V4′ sovereign ratin...

Without the EU membership, V4 countries sovereign ratings would risk a drastic decline, Fitch ratings agency said in its report. “A deterioration in the relationship between the V4 and the EU could lead to negative pressures on the ratings in the medium to long term, depending primarily on its impac...

Locked content Poland needs belt-tightening past 2017 – Fitch

If Poland fails to tighten its fiscal policy after 2017, it could have negative consequences for the country’s rating, said Arnaud Louis, analyst at rating agency Fitch responsible for Poland. He added that the lower predictability of Polish politics could impact the country’s investment...

Credit agency ratings ‘are bogus, nonsense’ – Kaczyński

The chairman of Poland’s ruling political party, PiS, has commented on the recent international credit agency ratings of Poland. While speaking in an interview with the television station TVP-3 on Sunday, Jarosław Kaczyński said that in some cases, the rating agency’s assessments were not fairly bas...