PMR Online access    |   tel. +48 12 340 51 00    |   E-mail: info@pmrcorporate.com
 


 

Fitch maintains Poland’s ratings, predicts 3.9% growth in 2011


2011-03-20



Fitch, the international credit rating agency, has affirmed Poland’s long-term foreign currency debt rating at A- and its long-term national debt rating at A with a stable outlook. The ratings of the country’s short-term debt have also been upheld at F2 and AA-, respectively.

Ed Parker, head of Emerging Europe Sovereigns at Fitch, said the ratings were supported by the country’s strong economic performance, macroeconomic stability, credible monetary policy, considerable fiscal flexibility, relatively strong banking sector and political stability. However, there is growing concern about the direction of Poland’s public finances, and failure to implement lasting fiscal consolidation might result in a downgrade, he said.

Fitch forecasts that GDP growth in Poland will accelerate to 3.9% this year and to 4.3% in 2012, from 3.8% in 2010.

The general government deficit is projected to narrow to 5.8% of GDP this year and to 4% in 2012, from an estimated 7.9% in 2010.



Browse and search in our archive »


subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »




Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Relevant news
 

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.