Poland Upgraded To 'A-' On Strong GDP And Budgetary Outcomes; Outlook Stable

OVERVIEW Since 2015, the Polish economy has posted strong, balanced growth and better-than-projected budgetary outcomes. In addition, Poland's public and external debt continues to decline as a percentage of GDP. As a consequence, we are raising our long-term foreign currency rating on Poland to 'A-' from 'BBB+' and our long-term local currency rating to 'A' from 'A-'. The outlook is stable. RATING ACTION On Oct. 12, 2018, S&P Global Ratings raised its long-term foreign currency sovereign credit rating on Poland to 'A-' from 'BBB+' and its long-term local currency sovereign credit rating to 'A' from 'A-'. The outlooks on both ratings are stable. At the same time, we raised our short-term local currency sovereign credit rating to 'A-1' from 'A-2',

...OVERVIEW + Since 2015, the Polish economy has posted strong, balanced growth and better-than-projected budgetary outcomes. + In addition, Poland's public and external debt continues to decline as a percentage of GDP. + As a consequence, we are raising our long-term foreign currency rating on Poland to 'A-' from '###+' and our long-term local currency rating to 'A' from 'A-'. + The outlook is stable. RATING ACTION On Oct. 12, 2018, S&P Global Ratings raised its long-term foreign currency sovereign credit rating on Poland to 'A-' from '###+' and its long-term local currency sovereign credit rating to 'A' from 'A-'. The outlooks on both ratings are stable. At the same time, we raised our short-term local currency sovereign credit rating to 'A-1' from 'A-2', while affirming our 'A-2' short-term foreign currency sovereign credit rating. OUTLOOK...

Ratings Action