Fitch keeps Polish ratings high

"The A- rating primarily reflects the country's good macroeconomic performance, including sound economic policies, strong GDP growth and a stable economic and financial environment. The downsides are low GDP per capita and relatively high level of foreign debt," a Fitch press release reads.

The agency noted that GDP growth accelerated to 3.4 percent in 2014 from 1.7 percent a year earlier thanks to the support of domestic demand and low inflation, a falling unemployment rate and favorable monetary policy.

"In preparation for parliamentary elections in October (...) all political parties have presented various economic policies aimed to reach out to voters. The agency believes that any fiscal loosening would be limited by the institutional framework, including rules on public debt and spending rule compliance with criteria set by the European Union concerning debt and the deficit. New taxes for specific sectors could have a negative impact on the business environment," the report reads.

Fitch expects that the 'general government' deficit will remain at 2.8 percent of GDP in 2015 and decrease to 2.5 percent in 2017. (jh)