Mixed news for the year ahead

11th September 2009

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Poland's economic outlook is stable, but its banks will face challenges in the near term. Such are the prognoses from the world's two most important rating agencies.


Fitch announced that its outlook for Poland remains stable, though the agency said it would like to see further details on the government's plans to tackle its ballooning budget deficit.

"What is most important to us is a realistic plan from the government on how to reduce the deficit to below 3 percent of GDP," CEO of Fitch Polska Piotr Kowalski told TVN CNBC Biznes.

"This is key and if we learn that things are moving in the right direction, I don't think we should expect any surprise moves in Poland's ratings from o ...