S&P upgrades Poland's rating outlook
PR dla Zagranicy
Ratings agency S&P Global has affirmed Poland's BBB+ credit rating, while boosting the country's outlook to “positive” from “stable.”
Photo: geralt/pixabay.com/CC0 Creative Commons
The agency, one of the world’s "Big Three" credit rating agencies, on Friday cited Poland's robust economic and fiscal performance and said it could upgrade the country's rating over the next 24 months if the economy continued to expand at a buoyant pace and if the government debt-to-GDP ratio continued to decrease.
Poland's Finance Minister Teresa Czerwińska has welcomed the outlook revision and voiced expectation of “the next natural step” based on the agency upgrading the rating itself.
S&P Global Ratings earlier this month upgraded its forecast for Poland's 2018 GDP growth to 4.5 percent from a previous projection of 3.8 percent.
In a report dated April 10, S&P Global Ratings also revised downward its projection for Poland’s debt-to-GDP ratio this year to 49.5 percent from the 51.8 percent it forecast earlier.
According to Poland’s Central Statistical Office (GUS), the country’s general government debt and deficit both decreased last year compared with 2016.
Source: PAP, mf.gov.pl