FRANKFURT (Standard&Poor's) Feb. 21, 2008--Standard&Poor's Ratings Services today said it had revised its outlook on the long-term foreign currency sovereign credit rating on the Republic of Poland to positive from stable. At the same time the 'A-/A-2' foreign currency and 'A/A-1' local currency ratings were affirmed. The outlook on the long-term local currency sovereign credit ratings is stable. "The outlook revision reflects the better environment for fiscal and structural reform under the newly formed government," Standard&Poor's credit analyst Kai Stukenbrock said. "This should further drive down government deficits and bolster Poland's Eurozone accession prospects, reducing external financing pressures and currency risk." The formation of a new government in October 2007, comprising Civic Platform (PO)
