S&P, one of the world’s "Big Three" credit rating agencies, on Friday cited Poland's “diversified economy, educated workforce, manageable levels of public and private debt and relatively deep domestic capital markets,” according to the Polish finance ministry.
The agency noted the “good results of Polish exports in the first half of 2019" and the "growing importance of services exports,” the Polish finance ministry said on its website.
It quoted S&P as saying that fiscal policy is a "credit strength" for Poland, driven by factors including substantial progress in reducing the value-added tax (VAT) gap.
S&P Global in October last year upgraded Poland's credit rating from BBB+ to A-, while describing the country's outlook as “stable.”
(gs/pk)
Source: IAR, gov.pl