S&P keeps Poland’s rating, outlook unchanged

Standard & Poor’s said economic growth has accelerated in Poland but added that social spending, lowering the retirement age and political uncertainty raised concerns.

The agency - one of the "big four" rating companies - in December decided to keep Poland's rating unchanged at BBB+ but raised the country's outlook to stable.

In January last year, Standard & Poor’s lowered Poland's rating to BBB+ from A- and changed its outlook to negative. That move sparked anger in Warsaw, with the Polish finance ministry calling the decision “incomprehensible”.

(pk)

Source: IAR