Fitch sees Poland's rating stable, but lack of reforms could hurt it.

By bne IntelliNews August 25, 2010
If no extraordinary developments take place in the next 18-20 months, Poland's sovereign rating will likely not be altered, but negative pressure on its ratings will rise if no reforms are undertaken, Fitch Polska's CEO Piotr Kowalski has told the central bank's portal ObserwatorFinansowy.pl. In July, credit-rating agency Fitch Ratings upheld forecasts Poland's real GDP growth of 2.3% and 3.5% in 2010 and 2011, respectively. In February, it upgraded its 2010 forecast to 2.3% from 1.5%. The government expects GDP to rise by 3.5%, 3.6% and by 4.8% in 2010-2012, respectively. ISB, tom

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