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S&P Upgrades Polish Banking Sector
Politics ♦
Published: April 16, 2014; 12:07 ♦ (Vindobona)

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

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…
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