S&P affirms Poland’s ratings

Ratings agency Standard & Poor’s has affirmed its assessment of Polish bonds, the firm said in a recent press release. The rating for Poland’s foreign currency 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. The outlook is stable. “The ratings on Poland are supported by its strong, increasingly open, and competitive economy,” S&P wrote. “We estimate GDP per capita at $14,500 in 2014 and expect this to rise consistently on the back of broad-based and balanced economic growth. In this regard, the Polish economy benefits from a floating exchange rate regime and domestic capital markets that permit the government to finance itself in local currency at long-dated maturities.”