Economy
14:04 14 April 2019
Post by: WBJ

S&P confirms Poland's rating

S&P rating agency decided to maintain Poland's rating at A- /A-2 for long- and short-term foreign currency liabilities and A / A-1 for long- and short-term liabilities in the national currency, the Ministry of Finance said. The rating outlook remained stable. 

S&P referred to a diversified economy, qualified employees, a balanced level of public and private debt and membership in the European Union as a basis for maintaining the rating. The agency drew attention to the good fiscal situation of the state budget in 2018 and significant progress in reducing the VAT gap.

"S&P forecasts the general government deficit to GDP in 2019-2022 below 3 percent, at 1.5 percent in 2019 and 2.6 percent in subsequent years," the statement said.

(PAP)


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