On 7 July 2017 rating agency Fitch announced a decision about keeping Poland's credit rating unchanged at the level of A-/F2 for long and short term liabilities respectively in foreign currency and A-/F1 for long and short term liabilities respectively in local currency. Rating's outlook remained at a stable level.
Fitch rating agency in its press release justifying the decision indicates solid macro fundamentals and well capitalised, liquid and profitable banking sector. Agency forecasts 3.3% of GDP growth in 2017. According to Fitch, investments will also increase due to higher EU disbursements. In turn, budget deficit will be at 2.6% of GDP this year.
According to the agency, Poland's rating could be raised as a result of continued GDP growth and continued reduction in external debt ratio. On the other hand, rating could be lowered in case of any signs of weakening relevance of 3% deficit limit, failure to stabilise debt-to-GDP ratio in the medium term or weaker macro-economic policy framework.