S&P and Moody’s credit rating for Poland likely to be unchanged

Polish credit rating by Fitch was confirmed at A- with stable outlook last week. S&P and Moody’s rating are due this week. According to an Erste Group Research report, neither the rating nor the outlook are likely to be changed.

At present, S&P sees the Polish rating at A-, whereas Moody’s sees it at A2, both with stable outlook. Moody’s had recently commented that the ECJ ruling is growth-negative because of lower credit dynamics, as banks might be obliged to keep reserves for potential costs related to the annulment of FX mortgage contracts, said Erste Group Research.