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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
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."


Source: Polish Radio

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