Locked content S&P: banking sector consolidation still possible

Polish banking sector might see further consolidation, according to S&P analyst Michał Selbka, but the potential merging of PKO BP and Pekao is unlikely and could hurt competition. “It is probable that a part of the banking sector in Poland will be further consolidated. I would not like to menti...

Locked content Major risks for Polish economy come from outside

Polish economy has strong foundations. The biggest potential threats to growth come from outside, said Felix Winnekens, an analyst at S&P Global Ratings. “Over the past few years, the Polish economy has been growing at an exceptionally fast pace. Although there is a growth in the entire re...

Locked content GDP to grow 4.5% in 2018 – S&P

Ratings agency S&P Global Ratings increased its forecast for Poland’s GDP growth for 2018 to 4.5 percent, up from 3.8 percent in its January forecast. S&P also decreased the expected public debt level to 49.5 percent of GDP from 51.8 percent and maintained the budget deficit forecast at 2 pe...

S&P maintains Poland’s BBB+/A-2 rating, outlook stable

Ratings agency S&P has maintained Poland’s long and short term rating in foreign currencies at “BBB+/A-2,” the agency stated on Friday. The ratings’ outlook is stable. The long and short term rating in the domestic currency has also been maintained at „A-/A-2,” also with a stable outlook. Analys...

Locked content S&P: Lower EU funds might affect CEE countries ratings

Expected lower inflows of EU funds in the new European Union financial perspective beginning in 2021, might affect CEE countries ratings in a negative way, S&P rating agency said. “With Brexit, and increasing talks about a two-speed EU, as well as growing friction between nationalist governments...

S&P upgrades Poland’s GDP forecast for 2017

Rating agency Standard & Poor’s has raised its forecast for GDP growth in Poland this year to 3.6 percent from the previous 3.3 percent estimate. For the years 2018-2020, the forecasts remained unchanged and stand at 3.1 percent (2018), 3 percent (2019), and 2.9 percent (2020).