WARSAW: Canadian ratings agency DBRS has maintained Poland’s long-term foreign and local currency issuer ratings at A with a “negative” trend. In a statement dated 9 December, the agency said the A rating reflects Poland’s “strong macroeconomic performance with Poland being one of the top growth performers in the EU.”It added: “Credit strengths include Poland’s fiscal and monetary policy frameworks, flexible exchange rate regime and integration within the EU.” The agency said that “rating challenges” for Poland “include policy uncertainty and its implications for investments and adherence to deficit targets, potential pressure on bank profitability, and its ageing demographics.” DBRS began issuing ratings for Poland in December 2015, the Gazeta Prawna website noted.
At that time Poland received a long-term foreign and local currency rating of A with a “stable” outlook. In June 2016 the outlook was lowered to negative, Gazeta Prawna said. Earlier this month, the Standard & Poor’s agency decided to keep Poland’s rating unchanged at BBB+ but raised the country’s outlook to stable.
