LONDON (Standard&Poor's) April 24, 2006--Standard&Poor's Ratings Services said today it revised its outlook on the Republic of Poland to stable from positive. At the same time, the 'BBB+' long-term foreign currency, 'A-' long-term local currency, and 'A-2' short-term sovereign credit ratings on Poland were affirmed. "The outlook revision reflects ongoing political uncertainty, unclear prospects for structural reform and fiscal consolidation, and a deteriorating perspective for Eurozone accession," said Standard&Poor's credit analyst Kai Stukenbrock. "Fiscal deficits are forecast to remain high and debt levels to continue rising." Poland has the largest economy of the new EU members. Growing demand from the EU, as well as a sustained recovery in domestic demand, should support average GDP
