15:58 19 February 2023
S&P affirms Poland's rating at A- with a stable outlook
S&P Global Ratings agency has affirmed Poland's long-term foreign currency rating at "A-", the agency said in a press release. The rating outlook remained stable.
"We expect Poland to be able to withstand most war-related macroeconomic shocks over the next two years. This resilience is due to the diversification of the Polish economy, the flexibility of the labor and product markets, and an educated workforce. We also note Poland's membership in the EU and NATO as a favorable factor, as well as the relatively secure outlook for energy supplies, which is linked to the government's actions directed at minimizing energy imports from Russia. We also note support for the rating from manageable public and private debt, significant access to non-debt financing, including EU transfers, and a relatively deep domestic capital market," the report reads.
(PAP)
