Fitch rates BGK bonds

Rating agency Fitch evaluated long-term bonds of Bank Gospodarstwa Krajowego (BGK) at A level in local currency  and granted long-term rating for Poland at AAA level.

Locked content Fitch: Polish lenders are strong enough to cushion CHF rise

Due to the growth of risk asset ratios and margin calls, CHF appreciation to CEE currencies will be noticeable for Polish lenders in the short-term, according to Fitch rating agency. Strong liquidity and capital standing will cushion the impact, Puls Biznesu daily reported. Margin calls regarding fo...

Locked content Fitch affirms Poland’s rating

Ratings agency Fitch has affirmed Poland’s standing at A- for foreign currency bonds and A for zloty bonds, with a stable outlook, the firm said in an announcement on Friday. “A relatively robust and increasingly domestic demand driven economic recovery is underway,” the agency wrote about the...

Locked content Fitch raises GDP growth forecast for Poland

Poland’s GDP will grow by 3 percent year-on-year in 2014, according to an updated forecast published by the Fitch ratings agency. In December 2013, the agency predicted this year’s growth would be 2.4 percent. Fitch expects a public finances surplus of 4.5 percent of Poland’s GDP in 2014, and a 2015...