Moody’s agency did not update Poland’s credit rating on Friday. This means that, according to her, the long-term rating of Poland in foreign currency is still at the “A2” level, and its outlook is stable.
On September 3, the chief analyst of the Moody’s rating agency for Poland, Heiko Peters, said that the prospects of returning to the path of solid economic growth limited the impact of the effects of the pandemic on Poland’s rating. He added then that the agency expects Poland to re-comply with national and EU fiscal rules from 2022.
A2 rating with a stable outlook
In the previous revision in April, Moody’s gave us an A2 rating with a stable outlook. We have had this level of rating since 2002 and only once did the agency give us a negative outlook for it in May 2016.
A2 is the “higher average” rating in the Moody’s hierarchy, and also the sixth highest in a 20-point scale. A2 has for example: Ireland, Slovakia, Iceland, Malta, but also Botswana. For example, the Czech Republic (Aa3) has Moody’s rating higher by two levels.
Moody’s Agency so far gave us the highest rating of the “big three” (Moody’s, Standard & Poor’s and Fitch). Moody’s starts the autumn round of reviews of Poland’s rating by major agencies. On September 25, Poland’s credit rating will be examined by Fitch, and on October 2 by S&P.
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