Fitch Cuts Outlook for Poland

BusinessEconomy ♦ Published: August 25, 2013; 20:58 ♦ (Vindobona)

Due to the change in Poland´s fiscal policy, the U.S. rating agency lowers the rating outlook for Poland from „positive“ to „stable“.

Fitch Cuts Outlook for Poland / Picture: © Fitch

In July, Poland´s government announced to adapt its fiscal targets for the next years. Now, the U.S. rating agency Fitch cuts the rating outlook from “positive” to “stable”. The rating remains unchanged at “A-“.

As the monetary cuts did not bring the desired economic recovery, Poland´s government tries to boost the economy by a higher budget deficit. In July,…