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Fitch affirms Poland’s ‘A-‘ rating with stable outlook

Andrew Gombert/PAP/EPA

Global ratings agency Fitch has confirmed Poland’s long-term rating at the ‘A-‘ level with stable outlook.

In a statement late on Friday, Fitch said Poland had a diversified economy, a fairly sound macroeconomic framework and slightly lower public debt levels compared to its peers.

Poland was also expected to be resilient to potential external shocks and macro challenges.

Moody’s is the one of the three global ratings agencies that evaluates Poland’s creditworthiness the highest, at A2. Fitch and S&P give the country a notch lower score, the ‘A-‘. All three outlooks are stable.

Magdalena Rzeczkowska, Poland’s finance minister, commented Fitch’s latest rating for PAP:

“In the opinion of the agency, the Polish economy remains resilient to external and macroeconomic shocks due to its strong fundamentals.”

According to Rzeczkowska, this year the Polish economic growth will weaken, but will remain positive.

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