S&P affirms Poland's rating

Ratings agency Standard & Poor’s has affirmed its assessment of the Polish bonds, the firm said in a recent press release. The rating for Poland’s foreign currency-denominated bonds remains at A-/A-2 for long-term and short-term bonds. In the case of zloty bonds the respective ratings are A/A-1. "Stable public finances, flexible monetary policy and moderate external financing needs support Poland's credit standing," the press release informed. The agency also said that the probability of upgrading the rating for Poland stands at 33 percent within the next 18 months.