Moody’s keeps Poland’s rating unchanged
PR dla Zagranicy
Grzegorz Siwicki
17.09.2018 07:30
Ratings agency Moody's has said it has not updated its rating for Poland, thus keeping it unchanged at A2 with a stable outlook.
Image: geralt/pixabay.com/CC0 Creative Commons
The agency, one of the world’s "Big Three" credit rating agencies, announced its decision late on Friday.
In May last year, Moody's maintained Poland's A2 credit rating, while raising its outlook from negative to stable.
This year in March, Moody's upped its forecast for Polish GDP growth this year to 4.3 percent.
Meanwhile, the S&P Global ratings agency in April affirmed Poland's BBB+ credit rating, while boosting the country's outlook to positive from stable.
S&P Global at the time cited Poland's robust economic and fiscal performance and said it could upgrade the country's rating over the next 24 months if the economy continued to expand at a buoyant pace and if the government debt-to-GDP ratio continued to decrease.
The Polish economy grew 5.1 percent in the second quarter of this year, the country’s Central Statistical Office (GUS) said in late August.
(gs/pk)
Source: PAP