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


S&P maintains Poland’s ratings with stable outlook


Standard & Poor’s (S&P), the international credit ratings agency, has affirmed Poland’s sovereign debt ratings with a stable outlook. In a statement, S&P said the country’s ratings were supported by its opinion "of Poland's competitive and increasingly diversified economy and comparatively strong GDP per capita growth of around 4%", and constrained by the agency’s perception of "its relatively high and rising levels of government debt and the still-large role of the public sector in the economy".

At the same time, S&P noted the ratings might be lowered if the government did not accelerate fiscal consolidation measures after the October parliamentary elections. Another source of downside risk are Poland’s considerable and persisting external imbalances.

S&P expects investment, and particularly infrastructure projects, to provide an important growth supporting factor in the medium term. Nevertheless, it predicts that GDP growth will slow somewhat from 2013 onwards as the government implements deeper public spending cuts to meet the convergence criteria, with negative implications for investment and household demand.

According to S&P, in 2012 Poland’s fiscal deficit will amount to 3.5% of GDP.

S&P’s ratings for Poland are: A- for long-term foreign currency debt, A-2 for short-term foreign currency debt, A for long-term local currency debt, and A-1 for short-term local currency debt.

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.