“This is good news for the Polish economy”, – commented for PAP Deputy Prime Minister, Minister of development and Finance Mateusz Morawiecki.
“Standard & Poor’s has not only maintained its previous estimate of rating Russian, but what is very important having in mind the future of our economy, it raised prospects of its development with an assessment of negative to stable. Thus, the credibility of our economic policy and healthy public finances was confirmed by S&P”, – he said in a comment sent to PAP Morawiecki.
“Positive credit rating of Poland is especially significant that occurs during the next recession hits the European economy and the unknown for the EU the consequences of events such as scheduled for next Sunday, the constitutional referendum of Italy,” – said Deputy Prime Minister.
according to Morawieckiego, “one of the most important elements of building confidence of Poland in the international arena, there is a growing concern about stable public finances and effective communication of budget policy and development of the Polish economy”.
Standard & Poor’s has maintained the credit rating of Poland at the level of ” BBB-plus, the Outlook was raised from negative to stable, the Agency said on Friday.
In the explanatory note, the Agency estimated that “short-term concerns about further weakening of key Polish institutions weakened, and the budget position of Poland has not worsened, despite the lower-than-expected economic growth.”
“a Stable two-year term in the prognostic horizon indicates the report the risks arising from more expansive approaches with financial and growth of social expenditure, on the one hand, and on the other continue, slightly weakened, economic growth”, – stated in the explanatory note.
In mid-January S&P downgraded the credit rating of Poland at the level of “BBB plus” from “minus” with Outlook is negative. In July this year, the S&P has maintained the credit rating of Poland to BBB+ with a negative Outlook.
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