Fitch may upgrade Poland's rating outlook if government's plans succeed.

By bne IntelliNews December 21, 2011
If the Polish government successfully implements its plans, which may take even more than a year, the country's sovereign rating's outlook may be upgraded in a mid-term perspective, Fitch Polska's president Piotr Kowalski was quoted as saying by portal Parkiet.com. Even "some effects" of the government's plans should ease the negative pressure on the rating, he added. Poland is currently rated at 'A-' with stable outlook by Fitch. However, in early December, another Fitch's representative said that the outlook for Poland's sovereign ratings remains stable and there are no premises to make any rating actions now. The government plans to increase tax wedge and excise taxes, while keeping central budget deficit constraint, in an effort to end the excessive deficit procedure next year.

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