Fitch upgrades Poland’s outlook to positive

Fitch Ratings has revised the Outlook on Poland’s Long-Term foreign and local currency Issuer Default Ratings (IDRs) to Positive from Stable and affirmed the IDRs at ‘A-‘ and ‘A’, respectively.

In the rating rationale for the revision, the agency cited the fact that Poland’s general government deficit in ESA 95 terms has narrowed by about 4.5 pps of GDP since 2010, to an estimated 3.4 per cent of GDP in 2012, placing it among the EU’s best performers.

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(Photo: Marcin Rolicki/