S&P upgrades Poland's credit rating
PR dla Zagranicy
Grzegorz Siwicki
13.10.2018 09:00
Ratings agency S&P Global has upgraded Poland's credit rating from BBB+ to A-, while describing the country's outlook as “stable.”
Image: geralt/pixabay.com/CC0 Creative Commons
S&P, one of the world’s "Big Three" credit rating agencies, on Friday cited Poland's strong, balanced growth and better-than-projected budgetary outcomes since 2015.
It also noted that Poland’s public and external debt continued to decline as a percentage of gross domestic product.
Poland's Finance Minister Teresa Czerwińska has welcomed the upgrade, saying it reflected positive changes in the Polish economy under the country’s conservative government.
Standard & Poor’s in January 2016 lowered Poland's rating to BBB+ from A- and downgraded its outlook to "negative." That move sparked anger in Warsaw, with the Polish finance ministry calling the decision "incomprehensible."
(gs/pk)
Source: Polish Radio
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