Rating agency Standard and Poor’s has kept Poland’s rating unchanged at BBB+ and the country’s outlook at “stable”. The agency said Poland’s economy is flexible, open and productive, with a risk of “overstimulation” by “procyclical fiscal policy, an accommodative monetary stance, rising external demand, resurgent EU transfers, and rapid wage growth”.
The agency – one of the “big four” rating companies – in January last year lowered Poland’s rating to BBB+ from A- and changed its outlook to negative. That move sparked anger in Warsaw, with the Polish finance ministry calling the decision “incomprehensible”. The agency raised the outlook to stable last December.