Fitch Ratings has affirmed Poland's Long-term foreign currency Issuer Default Rating (IDR) at 'A-', and its Long-term local currency IDR at 'A'. The Outlook on both ratings is stable, according to the agency's press release. Fitch has simultaneously affirmed Poland's Short-term rating of 'F2' and Country Ceiling of 'AA-'. "The government's progress in fiscal consolidation in 2011, and plans for further deficit reduction in 2012, have eased prior downward pressure on Poland's rating," says Matteo Napolitano, Director in Fitch's Sovereign Group, cited in the release. "Poland's growth performance, macroeconomic resilience, credible monetary and exchange rate regime, financing flexibility and relatively strong banking sector also support its ratings," he adds. |
The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more
The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more
When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more