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S&P Upgrades Polish Banking Sector

Published: April 16, 2014; 12:07 · (Vindobona)

Rating agency Standard & Poor’s has upgraded the Polish banking sector from “negative” to “stable”.

S&P upgraded the rating for Polish banks because of solid economic growth. / Picture: © Flickr / Ryan H

The upgrade was given as the banking industry is currently seeing improvements from the economic recovery in the country. According to Marcin Petrykowski, regional director for CEE at S&P, the solid economy in Poland and relatively low debt rate of the private sector are positive aspects for the banking sector. Moreover, the strict control of the regulator, particularly regarding…

This article includes a total of 102 words.

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