Agency Standard & Poor’s – the Outlook for Russia, in the mountain. The opposition surprised wPolityce.pl

And again, as every few months when one of the three major rating agencies, in this case, the Standard & Poor’s, was to announce his assessment of our country, politicians of the current opposition and with them economists expected that it will be reduced.

S&P, however, I was surprised at the ratings of Poland for long-term liabilities in foreign currency and national currency, as well as short-term obligations in national currency remained at the same level, while were raised prospect with the previous negative to stable.

And this improved the prospects were for the opposition, surprised at how clear the Agency wrote in its press weaken her earlier fears of key state institutions in Poland.

Recall that the rating agencies from the so-called big three, Fitch, S&P and Moody’s, declare its estimates relating to our country two or three times a year, the first two did it in January of this year, latest early in the year left him, and announced in mid-may.

Recall also that Standard& Poor’s downgraded in January the Russian rating rating And BBB+ for long-term foreign currency obligations and A-1 for long-term obligations in national currency from A – to A-2 for short-term obligations in the national currency.

in turn, Fitch left the ratings then Poland at the same level As and A -, respectively, for liabilities in foreign currency and in national currency, and a third of them Moody’s then comments from the left.

January’s downgrade by one level at S&P was surprising because the Agency in a published report has not changed estimates neither in Russian one of the key criteria for the assessment of the credit rating used in its methodology for the report from August 2015.

Retained, among other things, neutral assessment of the institutional environment, fiscal policy, macroeconomic situation, external environment and emphasized how a strong point of our monetary policy.

so, What became known in January this year, the reason for the decline in Russia’s rating S&P because the state of the economy, fiscal policy and monetary policy have been evaluated well and it is in the long term.

so, according to the Agency, the only such reason is the political changes in Poland, in particular, the hype around the constitutional Court, although, as a living, this situation does not affect the functioning of our economy. Waiting for another downgrade of our country in connection with fluctuations around TK has been permanently stored through the opposition, as part of the media hostile to the current government, but this time, as can be seen, these points of view failed.

S&P in its press release, stressed that the current actions of the Polish government sees no threat to the independence of the national Bank, as earlier feared.

What’s more raised the prospect of growth GDP in Poland in 2017 from 3.2% to 3.3 and reduced the long term deficit of the public Finance sector to 3% GDP, which means that provides that good future of the Polish economy and our public finances.

S&P as it seems to stabilize economic evaluation Russian, and perhaps also the other two rating agencies in their ratings of the future will behave in the same way that will calm the course of our currency, and in the long term will reduce the cost of servicing the Polish debt.