Fitch Affirms Poland  Rating at A-
World Economy

Fitch Affirms Poland Rating at A-

Fitch affirmed Poland’s A- rating with a stable outlook, saying reduced policy predictability under the Law and Justice party government was offset by the country’s robust economic fundamentals and improving external finances. Most analysts polled by Reuters ahead of the decision expected Fitch to keep the rating unchanged, but cut the outlook to negative due to fiscal risks. “Poland’s ‘A-’ rating reflects its solid macro fundamentals, government debt close to its rating peers median and improving external finances from a weak starting point,” Fitch said in a statement. “Reduced predictability in economic policy since the October 2015 political transition increases downside risks to Fitch’s economic and fiscal forecasts,” the agency said. Fellow agency Moody’s, which rates Poland one notch above Fitch at A2, cut its rating outlook to negative in May citing fiscal risks and unpredictable policies, while Standard and Poor’s downgraded Poland in January to BBB+ with a negative outlook, one notch below Fitch.

Short URL : http://goo.gl/O9t9z3
  1. http://goo.gl/zWzvFm
  • http://goo.gl/Eo5bs7
  • http://goo.gl/56xvGB
  • http://goo.gl/iA6isy
  • http://goo.gl/7riTND

You can also read ...

Report says China’s economic development must rely on integration between innovation and industrial production,  and work must be done to ensure that innovation progress was passed on to production.
China's new economy will account for an estimated 12% of the...
The process of building a new government could take weeks, so markets may well move on from the result quickly.
Politics dominated trading on Monday, with the euro sliding as...
World countries are casting a shadow on the future of the global economic system.
Next month, when finance ministers and central bank governors...
TPP Nations Making Progress
The Trans-Pacific Partnership nations have made progress...
EU Seeks Protection for Uber-Style Jobs
The European Commission said on Monday it wants more social...
Japan PM Announces $17.8b Economic Stimulus Package
Japanese Prime Minister Shinzo Abe said he would seek to...
US to See Slower Growth
The pace of US economic growth will stay stuck in the low 2%...
The economy’s return to growth has eased pressure  on the authorities.
Now that Nigeria’s economy is recovering from its worst slump...