Economy
21:34 14 October 2019
Post by: WBJ

Three rating agencies evaluate Poland

Three rating agencies evaluate Poland
source: Wikipedia

Standard & Poor’s has maintained Poland’s long-term rating at “A-“ with a stable outlook. In addition, the agency raised the forecast of Poland’s GDP growth in 2019 from 4.1% to 4.3%. The 2020 GDP growth forecast was raised from 3.1% to 3.2%. For its part, Moody’s did not publish a report on Poland’s credit rating on Friday, which means that according to the agency Poland’s long-term rating remains at “A2” with a stable outlook. Last but not least, the Fitch rating agency is looking closely at the independence of institutions in Poland. Chief Fitch analyst for Poland also said that until the country has recorded an improvement in the area of foreign debt, it will be difficult to change its rating.

According to Fitch, Poland’s 2020 budget will not be balanced, contrary to the plans of the ruling party. Standard & Poor’s has a similar view: it forecasts Poland’s public finance sector deficit at 2.5% in 2020 and 2021.

(300sekund)

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