(Editor's note: The first sentence of this release, published earlier today, has been revised to include the local and foreign currency ratings on Poland. In addition, the August 2001 outlook revision affected the foreign currency ratings on Poland only. A corrected version of the article follows.) LONDON (Standard&Poor's) Dec. 7, 2001--In August 2001, Standard&Poor's revised the outlook on its foreign currency ratings on the Republic of Poland (local currency A+/Stable/A-1; foreign currency BBB+/Stable/A-2) to stable from positive. At the same time, it was indicated that failing to halt the deterioration of the fiscal situation could result in further downward pressure on the outlook. Conversely, the return to a positive outlook hinges on rapid progress toward improving
