Fitch maintains Poland’s ratings, outlook stable
PR dla Zagranicy
International rating agency Fitch has kept Poland’s A- long-term foreign currency rating and stable outlook unchanged.
According to a statement issued on Friday, the decision was supported by solid macroeconomic foundations, including a healthy banking system and monetary policy.
The agency also said that the predictability of the country’s policies and the overall political climate has worsened, increasing the risk of a decrease in the Polish economic and fiscal rating by Fitch.
The report paid particular note to economic moves by the Polish government in 2016, such as introducing a tax on banks, as well as passing a law to reduce the retirement age from Q4 2017.
Meanwhile, another of the “big four” rating agencies, Moody’s, reported on Friday that it had not updated the Polish rating, which remained at A2 / P-1 for long and short-term obligations in foreign and local currency, with a negative outlook. (rg)