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Moody’s affirms Poland’s rating amid war in Ukraine

02.05.2022 09:30
Ratings agency Moody's has affirmed Poland's credit rating at "A2" with a stable outlook, citing the country's economic resilience and energy security amid Russia's invasion of Ukraine, according to officials.
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Photo:EPA/Juan Ignacio Roncoroni

The agency, one of the world’s "Big Three" credit rating agencies, announced its decision at the end of last week.

It said that the geopolitical risk created by the Russian invasion of Ukraine was mitigated by NATO guarantees and Poland's progress in efforts to enhance its energy security, according to the Polish finance ministry. 

Polish Deputy Finance Minister Sebastian Skuza welcomed the rating action by Moody's, saying it confirmed the Polish government was pursuing responsible economic and fiscal policies.

In an update in May 2017, Moody's maintained Poland's A2 credit rating, while raising its outlook from negative to stable.

Meanwhile, the S&P Global ratings agency in early April maintained Poland's "A-" long-term foreign-currency credit rating, with a stable outlook, as economies grapple with the fallout from the war in Ukraine.

The third leading ratings agencyFitch, in February affirmed Poland's "A-" credit rating with a stable outlook, citing the country’s "diversified economy and a record of stable growth in recent years," coupled with "a relatively sound macroeconomic framework."

(gs)

Source: PAP, gov.pl