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
According to the data presented by the Ministry of Finance, in end-January central government debt made up LTL26, 310.8 million or 28% of projected GDP for 2010 (LTL 93, 819 million).
more »
As far as countries affected by the economic crisis, China fared extremely well.
more »
The European Commission has authorised today a Slovak scheme with a budget of approximately €3.32 million which aims at supporting farmers in Slovakia who encounter difficulties as a result of the current economic crisis.
more »
Commission sets out a 10-year strategy for reviving the European economy, casting a vision of ‘smart, sustainable, inclusive' growth rooted in greater coordination of national and European policy.
more »
The European Commission has launched today the Europe 2020 Strategy to go out of the crisis and prepare EU economy for the next decade. The Commission identifies three key drivers for growth, to be implemented through concrete actions at EU and national levels.
more »
Launching of the “SCHOOLS’ initiative for innovation and changes” Grant scheme.
more »
EU Member States must not only deliver on their international aid pledges, but also bring in a financial transactions tax and a temporary debt moratorium, to help developing countries to cope with the effects of the global financial and economic crisis, said the Development Committee on Monday.
more »
The EBRD is increasing its commitments to promote sustainable energy projects in Slovakia with a new €90 million funding under the existing Slovakia Sustainable Energy Finance Facility (SLOVSEFF) to ensure continuous implementation of energy efficiency and small renewable energy projects.
more »
According to the unaudited data, in 2009 AB Bank SNORAS earned LTL 8.7 million profit. The bank’s assets grew by 11 per cent up to LTL 6.342 billion during 2009 and were by LTL 647.8 million larger than at the beginning of 2009.
more »
Aviation security measures that go beyond common EU requirements should be paid for by Member States, not by passengers, said Transport Committee MEPs in a vote on Monday that could put Parliament on a collision course with the Council of Ministers.
more »