S&P affirms Poland's ratings at 'A-/A-2' with stable outlook.

By bne IntelliNews August 9, 2012
Standard & Poor's Ratings Services has affirmed its 'A-/A-2' long- and short-term foreign currency and 'A/A-1' long- and short-term local currency sovereign credit ratings on Poland, according to the agency's press release. The outlook remains stable. The transfer & convertibility assessment is unchanged at 'A+'. The ratings on Poland are supported by the agency's view of the country's commitment to continued fiscal consolidation and its monetary flexibility, with its floating exchange rate enabling Poland's resilient economy to adjust to external shocks, it explained. The ratings are constrained by S&P's view of Poland's relatively high levels of government debt, comparatively low per capita GDP, and large external financing needs.
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