Poland's A2 government bond ratings are supported by high economic, institutional and government financial strength, Moody's Investors Service said in its new sovereign credit report on Poland. The rating outlook is stable, although the report expresses concerns surrounding steeply rising fiscal deficits and deteriorating government debt metrics in the aftermath of the economic crisis, as well as slowed economic growth potential. "Poland's economy amply demonstrated its resiliency through the global economic crisis," said Kenneth Orchard, Senior Credit Officer in Moody's Sovereign Risk Group. "After expanding by 5% in 2008, real GDP growth is expected to be over 1% in 2009, making Poland the only country in the EU able to avoid a recession."
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