Poland's reputation on the rise
According to analysts from American investment bank Merrill Lynch, Poland's ratings by international agencies will be heightened in 2005. Poland has the lowest rating in credit credibility among main Central and Eastern European countries.
However, the economic indicators are much better than country's ratings would indicate. Merrill Lynch suggests the three major agencies, Standard&Poor's, Moody's and Fitch Ratings, are bound to raise ratings during this year.
Outside of Poland, Hungary enjoys high marks from agencies while its economy stands on risky ground, mainly because of a high budget deficit. Analysts claim that the unstable situation will continue throughout 2005 and Hungarians must expect lower rankings. Slovakia, as in Poland's case, was previously underestimated in ratings, which was corrected by Moody's this week. A similar correction is expected for Poland soon. (Reuters)
CEE region countries' ratings
in foreign currency
Standard&Poor's Moody's Fitch Ratings
Poland BBB+ A2 BBB+
Hungary A- A1 A-
Czech
Republic A- A1 A-
Slovakia A- A2 A-
CEE region countries' ratings
in local currency
Standard&Poor's Moody's Fitch Ratings
Poland A- A2 A
Hungary A A1 A
Czech
Republic A A1 A
Slovakia A- A2 A+
However, the economic indicators are much better than country's ratings would indicate. Merrill Lynch suggests the three major agencies, Standard&Poor's, Moody's and Fitch Ratings, are bound to raise ratings during this year.
Outside of Poland, Hungary enjoys high marks from agencies while its economy stands on risky ground, mainly because of a high budget deficit. Analysts claim that the unstable situation will continue throughout 2005 and Hungarians must expect lower rankings. Slovakia, as in Poland's case, was previously underestimated in ratings, which was corrected by Moody's this week. A similar correction is expected for Poland soon. (Reuters)
CEE region countries' ratings
in foreign currency
Standard&Poor's Moody's Fitch Ratings
Poland BBB+ A2 BBB+
Hungary A- A1 A-
Czech
Republic A- A1 A-
Slovakia A- A2 A-
CEE region countries' ratings
in local currency
Standard&Poor's Moody's Fitch Ratings
Poland A- A2 A
Hungary A A1 A
Czech
Republic A A1 A
Slovakia A- A2 A+
