A competitive and increasingly diversified economy. Resilience to the international economic crisis. Sound medium- to long-term growth prospects. High general government debt burden. Large role of the public sector in the economy. Comparatively low per capita GDP. The ratings on Poland reflect its competitive and relatively diversified economy, resilience to the international economic and financial crisis, and sound medium- to long-term growth prospects. The ratings remain constrained by high and rising levels of government debt, comparatively low per capita GDP, and the still large role of the public sector in the economy. Standard&Poor's Ratings Services expects weak external demand and a slowdown in credit growth to reduce economic growth in Poland to about 1% in 2009. This would