Antczak: Fitch saw a stabilization of economic and political Polish – Onet.pl

Fitch rating agency affirmed on Friday, Polish long-term rating of A minus and A, respectively, for liabilities in foreign currencies and in national currency, remained a stable outlook. According to Fitch’s rating reflects, among others, solid macroeconomic foundations of the Polish economy.

Rafal Antczak notes that the agency its decision agreed with those who say “Our cottage from the country.” “In the world you happen disturbing things, and Poland is an area of ​​stability” – draws attention.

“Economy is stable at the level of growth of 3-4 per cent., the components of this growth are strong, because it increases consumption, export, next year probably will increase investment growth, all this is perceived “- commented Antczak.

“So black predictions that the economy was about to collapse because of political reasons, which formulated at the beginning of the year, the S & amp; P, do not work” – he adds .

According to the analyst, it is also important that in Poland we have political stability, there is no pre-election period as in France or Germany, ruled by a stable majority. “These are factors that are also stabilizing the economy,” – he says.

His opinion is also important the fact that Poland is a very safe country, especially after the last NATO summit. “It will also have an economic dimension in the long run, because the stationing of US troops in Poland will have an impact on investment decisions,” – commented.

“Fitch took all this into account,” – he said.

notes that Fitch is more optimistic than in may was Moody’s, and both ratings differ from the January opinion S & amp; P “has built a scenario extremely negative.” “I wonder what would happen if the expectations of S & amp; P will not work until the end of the year, and will appeal this rating?” – Asks Antczak.

In mid-January the rating agency Standard & amp; Poor’s surprised the market and the long-term rating downgraded Polish debt in foreign currency to the level of “BBB plus” from “A minus” noting that the rating outlook is negative. Long- and short-term rating in local currency was lowered to A- / A-2 from A / A-1, a short-term credit rating in foreign currency was confirmed at A-2 with a negative outlook.

After the decision of S & amp; P its assessment released in January, Fitch, while maintaining the current rating Polish. In March of this year. Japanese agency Japan Credit Rating maintained its assessment of the creditworthiness of Polish current level A for foreign currency and A + for the national currency, indicating that the rating outlook remains stable.

In mid-May its decision issued the rating Moody’s. In line with the expectations of economists, the agency confirmed the previous assessment of Polish at A2 / P-1 for long and short-term liabilities in national and foreign currency. The outlook, however, was changed from stable to negative.