S&P forecasts that Poland’s GDP will increase by 3.4 percent in 2019 and by 3 percent in 2020. The deficit of the public financial sector will be 1.5 percent of GDP in 2019 and 2 percent in 2020.

The agency, one of the “big three” rating companies also presented the first forecast for 2021 – according to them, Poland’s economy will maintain its level of growth and deficit level from 2020. 

Good ratings

From among the three largest rating agencies, Poland’s creditworthiness is rated highest by Moody’s – level “A2”. Poland’s rating according to Fitch and S&P is “A-“, which is one level lower than Moody’s. The forecasts of all the grades are stable.

The next ratings of S&P will arrive mid-April and mid-October 2019.