English Section

Fitch affirms Poland's 'A-' rating, stable outlook

15.05.2024 06:30
International ratings agency Fitch has affirmed Poland's "A-" credit rating with a stable outlook.

Fitch, one of the world’s "Big Three" credit rating agencies, cited Poland's "diversified and resilient economy," coupled with "a fairly sound macroeconomic framework anchored by EU membership, solid external finances and a higher and more stable government revenue base than peers."

The agency said it expected Polish GDP growth to be 2.8 percent this year, followed by 3.2 percent in 2024.

It added that it expected inflation to average 4 percent in 2024 and 3.8 percent in 2025.

"Poland's relations with the European Commission have improved following legislative elections in October," Fitch said last Friday.

It assessed that continued political tensions, combined with a busy electoral calendar, with European Parliament elections in June and presidential elections next year, could reduce government effectiveness and complicate prospects for fiscal consolidation.


Source: IAR, PAP, fitchratings.comgov.pl