LONDON (Standard&Poor's CreditWire) April 12, 2001--Standard&Poor's today revised the outlook on the Republic of Poland's triple–'B'-plus long-term foreign currency issuer rating to positive from stable. At the same time, Standard&Poor's affirmed its ratings on the Republic of Poland. A complete list of ratings is available on RatingsDirect, Standard&Poor's Web-based credit analysis system, or by calling the Standard&Poor's Ratings Desk on London (44) 20-7826-3540. The outlook revision reflects Poland's continued commitment to and ongoing implementation of structural reforms, particularly in the mining, steel, energy, and defense sectors. These reforms have gradually resulted in increased efficiency and have helped to further modernize the Polish economy. Standard&Poor's expects that the implementation
