On 12 October 2018, Poland’s credit rating was raised to A- from BBB+ by Standard&Poor’s credit rating agency. This is a huge success for Poland which is caused by the Poland’s strong track record of balanced economic growth.
Standard &Poor’s, which provides financial information and economic analysis, cited “a stable outlook” as the main trigger driver behind revising Poland’s strong economic performance.
S&P also cited “fiscal prudence”, as well as the diversity and competitiveness of Poland’s economy for the raise in rating.
The raise in rating is not the only good news for Poland in recent days. On 24 September 2018 Poland became the first country from Central and Eastern Europe to be ranked a "developed market" on the FTSE Russell index.
Poland now joins the likes of the UK, US and Japan in the index’s list of the 25 most advanced global economies. It marks the first time in a decade that a country has made the leap from emerging market to developed market in the index's rankings. The FTSE Russell bases its classification on factors such as a country’s regulatory environment, the quality of its capital markets and the status of its derivatives market.
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March 11, 2019
Businesses in Poland may soon be held liable for criminal offences committed by its representatives. The new law is likely to be passed in March....Read more
March 04, 2019
New Polish legislation implementing the EU mandatory disclosure rules (MDR) introduced by EU Directive 2018/822 of 25 May 2018 is effective from...Read more
March 01, 2019
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