FRANKFURT (Standard&Poor's) Oct. 22, 2007--Standard&Poor's Ratings Services said today that the outcome of Sunday's general election in the Republic of Poland (foreign currency A-/Stable/A-2; local currency A/Stable/A-1) had no immediate impact on its sovereign ratings. The election outcome opens the possibility of the formation of a more reform-oriented and fiscally more conservative government, however, which could ultimately benefit the ratings. Following the breakdown of Poland's outgoing government coalition of Prime Minister Jarloslaw Kaczynski, elections were called for this October, two years earlier than the regular end of the legislative term. Provisional results indicate that the liberal-conservative Civic Platform (PO) is the clear winner of the elections and is expected to lead a two-party coalition government with
