Fitch: Poland is one of CEE's most secure countries

By bne IntelliNews July 11, 2013

Poland and the Czech Republic appear much more secure than many of their CEE peers, notwithstanding less resilient growth in the former and continuing recession and increased political instability in the latter, according to a report by Fitch Ratings.

Fiscal funding needs are well covered in both, while Poland enjoys the additional comfort of an IMF Flexible Credit Line.

Fitch said that protracted recession in the Eurozone, coupled with a reversal in global risk appetite for emerging market assets in Q2 of 2013 following US Fed's comments on an exit from quantitative easing, have taken the edge off of economic recovery in Emerging Europe, including Russia and Turkey.

In February 2013, Fitch revised the outlook on Poland's Long-Term foreign and local currency Issuer Default Ratings (IDRs) to positive from stable and affirmed the IDRs at 'A-' and 'A', respectively.

Related Articles

Czech judiciary denounces Poland's move to end separation of powers

Senior Czech judges on July 21 denounced Poland's judicial overhaul as an attack on the rule of law. With big street protests in the Czech Republic's neighbour seemingly gathering momentum – 120 ... more

Strongly profitable Czech petrochemical maker Unipetrol puts cracker explosion behind it

Unipetrol looks to have finally got over the August 2015 fire and explosion that wrecked its steam cracker, an indispensable installation in the production of ethylene feedstock needed to manufacture ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more