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

Related Articles

EC refers Poland to court for delay on renewable energy rules.

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

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

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

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss