Poland: Pension Reform Not to Affect Rating

Politics ♦ Published: March 25, 2014; 11:05 ♦ (Vindobona)

According to rating agency Fitch, Poland’s country rating will not be affected by the pension reform.

The new pension reform is neutral to the country rating. / Picture: © Fitch

The rating agency said the pension reform, as well as its new spending rules, are neutral to Poland’s country ratings, the rating agency announced in a press release. According to Fitch, the pension reform is neutral to the rating since a public debt-to-GDP reduction estimated at 7.5 percentage points is offset by a rise in Poland's long-term pension liabilities. The new stabilizing…