LONDON (Standard&Poor's) Sept. 2, 2003--Standard&Poor's Ratings Services said today it assigned its 'BBB+' long-term foreign currency senior unsecured debt rating to the Republic of Poland's (foreign currency BBB+/Negative/A-2; local currency A/Negative/A-1) €500 million floating-rate note issue due in 2006. The issue is the third under the €5 billion Euro MTN (EMTN) program launched by Poland earlier this year. Including the €500 million issue rated today, Poland has issued a total of €2.8 billion under the EMTN program so far in 2003. "The rating on the issue reflects the 'BBB+' long-term foreign currency sovereign credit rating on Poland," said Standard&Poor's credit analyst Beatriz Merino. The factors supporting the ratings on Poland include a manageable external
