The rating of Polish credit remains unchanged – said Moody's. It is still at the level "A2" with stable prospects.
A stable outlook means that the risks to Poland's credit rating are offset.
with national and EU financial regulations "
According to Moody's, a fiscal impulse does not violate national or EU tax rules.
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Confirmation of the evaluation results from the consideration of three factors:
2. The debt profile of the public financial sector is stable and the likelihood of a slowdown due to the government's expansive taxation policy is low
3. Poland's institutional strength has recently been eroded resulting in the weakening of the rule of law and the recent n reflect developments in the Polish justice system.
Poland's general government in 2019 rose from 1.7 percent to 1.8 percent of GDP and estimates it by 2020 at a deficit of 2.6 percent of GDP.
The analysts of the agency also highlighted the forecast GDP growth in Poland in 2019 increased from 4.2% to 4.4% and will reach 3.7% by 2020
valued. Moody's completed the spring review round of the Polish credit check by the major authorities. More reviews are scheduled for fall – Fitch Sept. 27, S & P and Moody's Oct. 11. WORTH KNOWING: