International credit rating agencies continue to assign high ratings to Poland’s creditworthiness. This is an important signal for investors – both current and those considering entering the Polish market.
In its latest announcement, DBRS Morningstar confirmed Poland’s long-term foreign currency rating at ‘A’ with a stable outlook. This means the agency does not foresee any deterioration in Poland’s credit situation in the foreseeable future.
Poland’s strong position among regional peers
Poland maintains a consistent credit profile in the eyes of major rating agencies:
- Moody’s: A2 (equivalent to ‘A’)
- DBRS Morningstar: A
- Fitch Ratings: A-
- S&P Global Ratings: A-
All agencies assign Poland a stable outlook, confirming the balanced nature of the economy – resilient to volatility and capable of maintaining sustainable growth.
S&P – economic growth versus fiscal challenges
As part of the semi-annual review conducted in spring 2025, S&P Global Ratings did not publish a new analytical report, which – in line with the procedure – means the current rating remains unchanged. Accordingly, the decision from November 2024, when the agency officially confirmed Poland’s rating at “A-” with a stable outlook, remains in force.
S&P indicates that the rating could be upgraded if public institutional quality improves and Poland maintains a high level of EU funds inflows and foreign direct investment. Conversely, a downgrade would be possible in the event of persistent deterioration in public finance management or a significant weakening of growth prospects – e.g. due to external geopolitical shocks.
Why is this important for investors?
Credit ratings are one of the key indicators of investment risk – the higher and more stable the rating, the lower the cost of capital and the greater the predictability of the business environment. Poland, as a country with an ‘A’ rating and a stable outlook, offers investors a rare combination: macroeconomic resilience, political stability, and predictable legal frameworks in an environment highly integrated with the EU market.
In the regional context, Poland stands out with the scale of its economy, access to infrastructure, large consumer market, and role as a regional production and logistics hub. Amid disrupted supply chains and geopolitical tensions, international capital is increasingly choosing Poland as a relocation point for investments from less stable destinations. Confirmation of ratings by all major agencies strengthens trust in Poland as a credible and long-term partner. It is a strong signal for companies planning to expand in the Central and Eastern European region and seeking a safe operational base within the EU single market.
