A+ ratings on Poland

In August 2011 two rating agencies i.e. Standard & Poor’s and Moody’s Investors Service affirmed their A+ rating on Poland with a stable outlook. Both agencies noted that the Polish economy is competitive and increasingly diversified. Moody’s evaluated Poland as relatively well placed to withstand global turmoil with its relatively resilient economy. Both agencies stressed that the Polish economy continued to expand in 2009, in contrast to all other EU members.
Moody’s also pointed out that the government debt metrics are improving and the government benefits from being able to fund itself largely in local currency domestically and at relatively long maturities.

According to S&P’s judgment, investment, particularly in infrastructure, will provide an important boost to growth in the short term. However, the agency anticipates that economic growth will slow somewhat from 2013, as the government initiates deeper cuts in public spending to comply with EU and domestic fiscal rules.
S&P indicates, that the flexible credit line with the International Monetary Fund should provide an important buffer by helping to maintain investor confidence and keep borrowing costs down.

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1 Comment for this entry

February 26th, 2012 on %I:%M %p

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