Coface affirms Poland at A3 rating

French credit insurance company Coface has maintained Poland's rating at A3 level, unchanged since 2005, when it was increased from A4 level (in a seven-degree scale). The A3 rating indicates that companies do not always stick to deadlines, but the risk of insolvency is low, ISBnews reported. "Private consumption in Poland will remain a major driving force of economic growth due to the improvement of the labor market and further increase of consumer spending through the implementation of such programs as The Family 500+ scheme," the report found. Coface is a credit insurance company present in 98 countries. Each quarter, Coface publishes its assessments of country risk for 160 countries based on its knowledge of companies’ payment behavior and on the expertise of its 350 underwriters located close to clients and their debtors.