Audio – Vote could boost Poland’s rating – S&P

October 15, 2007

Kai Stukenbrock, Standard & Poor'sPoland’s credit rating has been constrained by its uncertain political outlook, a lack of reforms as well as the need for more fiscal consolidation and for tackling the system of social security, Standard and Poor’s credit analyst Kai Stukenbrock told the Reuters Central European Investment Summit.

But if Sunday’s vote would lead to a government that was decisive and ready to tackle those issues, Poland could see an upgrade in the medium term to its current A/minus foreign and local currency debt rating.

Conservative Prime Minister Jaroslaw Kaczynski faces a tough
challenge in the Oct. 21 election from the main opposition
party, the centre-right Civic Platform (PO). Unless winning an
outright majority, the conservatives may lose power if the
pro-business PO and the centre-left form a coalition.
To read a story on Poland’s credit rating potentially getting a boost, click here.

Stukenbrock also said that Slovakia would likely adopt the euro in 2009 and that S&P was unlikely to up its rating on Hungary soon.

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