Poland May Get Credit Rating Boost Within Year, Radziwill Says

Poland may have its credit rating increased within a year as the government approves steps to reduce the budget deficit, Deputy Finance Minister Dominik Radziwill said today.

The government will draft laws in the coming months that will “boost the credibility” of the deficit-cutting plans outlined by Prime Minister Donald Tusk on Nov. 18, he said in interview in Warsaw. Poland has been rated A-, the seventh highest investment grade, at Standard & Poor’s since 2007. Moody’s Investors Service has kept the country’s rating at A2 since 2002.

“Within a year we can definitely expect that the rating agencies will at least raise the outlook on our rating to positive, or maybe the rating itself,” Radziwill said.

To contact the reporter on this story: Piotr Skolimowski in Warsaw at pskolimowski@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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