S&P keeps Poland’s rating, outlook unchanged
PR dla Zagranicy
Rating agency Standard and Poor's has kept Poland’s rating unchanged at BBB+ and the country's outlook at “stable”.
The agency said Poland's economy is flexible, open and productive, with a risk of “overstimulation” by “procyclical fiscal policy, an accommodative monetary stance, rising external demand, resurgent EU transfers, and rapid wage growth”.
The agency – one of the "big four" rating companies – in January last year 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”. The agency raised the outlook to stable last December. (vb/pk)