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English Section

S&P keeps Poland's credit rating unchanged amid pandemic

06.04.2021 07:30
International ratings agency S&P Global has maintained Poland's "A-" long-term foreign-currency credit rating, with a stable outlook, as economies worldwide struggle with the fallout from the coronavirus pandemic.
Image by Gerd Altmann from Pixabay
Image by Gerd Altmann from Pixabay pixabay.com

S&P, one of the world’s "Big Three" credit rating agencies, at the end of last week said it was taking no action on Poland's long- and short-term foreign-currency sovereign credit ratings, thus keeping them unchanged at A-/A-2, with a stable outlook.

The rating agency also maintained the country's local-currency ratings at “A/A-1.”

The agency has previously cited Poland's diversified economy, European Union membership and manageable levels of public and private debt as the rationale for its rating actions.

S&P Global in October 2018 upgraded Poland's credit rating from BBB+ to A-, while describing the country's outlook as “stable.”

Meanwhile, ratings agency Fitch last month affirmed Poland's "A-" credit rating with a stable outlook, citing the country’s "diversified economy with a record of stable growth in recent years," coupled with "a sound macroeconomic and monetary policy framework."


Source: PAP, money.pl