Fitch Ratings has assigned Poland's EUR 2bn eurobond, due Jan 15 of 2024, an 'A-' rating. The bond has a coupon of 3%. The rating is in line with Poland's 'A-' Long-term Issuer Default Rating, on which the Outlook is Stable, according to the agency's release. Fitch forecasts that GDP growth will be close to long-term potential in 2014-2015 and in line with the 'A' median, albeit exposed to euro-zone developments via extensive trade and financial links. It also points to improving external finances underpinned by expected modest current account deficits in 2014-15, and sufficient buffers against potential external shocks. The Stable Outlook reflects its assessment that upside and downside risks to the rating are currently balanced, Fitch added.
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