Two credit-rating agencies believe Poland's economic outlook is "positive"
Published:
30 March 2005 y., Wednesday
Last week, Standard & Poor's Ratings Services (S&P) revised its overall outlook for Poland upwards from stable to positive, while Fitch Ratings did the same for Poland's foreign-currency rating outlook.
"The outlook revision reflects the improvement in Poland's medium-term fiscal outlook, as well as the economy's good prospects and comfortable external position," said S&P credit analyst Beatriz Merino.
Edward Parker, senior director in the Fitch Sovereigns Group cited "a number of encouraging trends, including the positive impact of previous structural reforms on international trade performance and macroeconomic stability."
However, the agencies added that putting Poland's finances in good shape would demand further reforms.
"Beyond 2005 a deepening of fiscal reforms and a political environment more supportive of fiscal consolidation will be required to meet Poland's ambitious medium-term fiscal targets and adopt the euro before 2010," according to S&P.
S&P left Poland's BBB+ long-term and A-2 short-term foreign currency ratings, as well as the A- long-term and A-2 short-term local currency ratings unchanged.
Fitch also maintained Poland's BBB+ long-term foreign currency rating and its long-term local currency rating at A with a stable outlook.
Šaltinis:
Warsaw Business Journal
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
On 31 August 2009 in a non-public way AB Bank SNORAS issued the emission of perpetual debt securities included into the bank capital amounting to LTL 72.5 million.
more »
The European Commission, through its longstanding cooperation with the US and Canada, announces the launch of 33 new and innovative projects involving universities and training institutions on both sides of the Atlantic.
more »
Today at the VII World Congress on Alternatives and Animal Use in the Life Sciences in Rome, the European Commission and the European cosmetic industry presented their joint financial effort for research into alternative safety testing methods.
more »
SEB Bank, the largest bank in Lithuania, invests almost LTL 4.6 million in to the upgrade of its data transmission network.
more »
The World Bank’s Board of Executive Directors today approved a credit of US$ 36.6 million equivalent of additional financing for the Lifeline Road Improvement Project for Armenia.
more »
The Executive Board of the International Monetary Fund (IMF) today completed the first review of Latvia's performance under an economic program supported by a 27-month Stand-By Arrangement.
more »
The Commission has today decided to close the formal investigation procedure into the privatisation and restructuring of Austrian Airlines concluding that the restructuring following its sale to Lufthansa is compatible with community law.
more »
Ben Bernanke's reappointment as head of the Federal Reserve did not come as a surprise, but Wall Street still responded with the proverbial thumbs up.
more »
Over I half-year 2009 accommodation establishments had by 22 per cent less guests.
more »
In the first such transaction in Russia, carbon credits generated by utilising gas which would otherwise be flared at an oilfield in eastern Siberia are to be purchased through a carbon fund set up by the EBRD and the European Investment Bank (EIB), the Multilateral Carbon Credit Fund (MCCF).
more »