Japan rating agency maintains Poland rating

The Japan Credit Rating (JCR) has upheld its foreign currency sovereign credit rating at A and local currency sovereign credit ratings at A+, the company said in a statement. "The ratings are primarily supported by the country’s diversified economic structure resilient to external shocks, the progress on fiscal consolidation with containment of the government debt, and an effective utilization of substantial inflow of EU funds. On the other hand, the ratings remain constrained by its relatively heavy foreign debt burden. The outlook of the ratings is stable," the statement read. "The JCR's decision to maintain Poland's rating at A with stable outlook shows the the appreciation of the Polish economy and the government's economic policy. Poland has been present on the Japanese financial market for years," said Finance Minister Paweł Szałamacha.