Coface removes Poland from negative watchlist, A3 rating confirmed.

By bne IntelliNews January 20, 2010
Ratings company and export credit insurer Coface has removed Poland from its negative watchlist and confirmed the country's A3 rating. "Growth should reach 1.4% throughout the year although rising unemployment is likely to weigh on domestic demand. In 2010, activity should accelerate gradually thanks to the strengthening of confidence of households and businesses, bringing the growth rate to around 2.5%. This growth will depend in part on the resilience of the recovery in Germany which absorbs a quarter of Polish exports," Coface said in its country risk assessment file on Poland . The Coface country rating does not concern sovereign debt, but rather indicates the average level of risk presented by a country's companies on their commercial transactions. tom

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