22:25 12 November 2024
Fitch Ratings confirms Poland’s long-term rating at A-
Fitch Ratings confirmed Poland’s long-term foreign currency rating at “A-” with a stable outlook, citing a diversified economy and EU membership as strengths. However, high deficits, lower income levels, and weaker governance indicators are concerns. Risks to Poland's rating include challenges in public finance consolidation and slower growth prospects. Positive rating adjustments could stem from fiscal improvements, reduced political polarization, and sustained GDP growth.
Fitch projects Poland’s deficit to increase to 6.2% of GDP in 2024, above the “A” category median of 2.9%, with public debt reaching 61.4% of GDP by 2026. Relations with the EU have improved, yet political divides pose potential fiscal risks. GDP growth is forecast at 3.0% in 2024.
