Announcements

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      Instrument data
      Senority
      Senior Unsecured
      Currency
      EUR
      ISIN
      XS1346201889
      Coupon percent
      2.375%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      750,000,000
      Maturity date
      18/01/2036
      -
      A Outlook: Stable
      A Outlook: Stable
      Latest change
      Downgrade
      02/06/2023
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Dennis Shen Lead analyst
      Dr. Giacomo Barisone Committee chair
      Scope downgrades the Republic of Poland's credit ratings to A; Outlook revised to Stable

      2/6/2023 Rating announcement EN

      Scope downgrades the Republic of Poland's credit ratings to A; Outlook revised to Stable

      A longer-standing trend of weakening standards of governance and weakening of the underlying inflation outlook drive the downgrade. Sound macroeconomic fundamentals, a moderate public debt level, and a well-capitalised banking system support the ratings.

      Scope revises the Outlook of Poland to Negative, affirms A+ credit ratings

      14/1/2022 Rating announcement EN

      Scope revises the Outlook of Poland to Negative, affirms A+ credit ratings

      Deterioration of governance standards and weakened public finances since Covid-19 crisis drive Outlook revision to Negative. Strong macroeconomics, a resilient, well-capitalised banking system, and reductions of external risk support ratings.

      Scope affirms Poland’s credit rating of A+ with a Stable Outlook

      1/11/2019 Rating announcement EN

      Scope affirms Poland’s credit rating of A+ with a Stable Outlook

      Strong economic growth, credible monetary and fiscal frameworks, adequate external buffers, and sound banking system support the rating; low savings rate, budgetary pressures, political and demographic headwinds are constraints.

      Scope affirms Poland’s credit rating of A+ with Stable Outlook

      20/7/2018 Rating announcement EN

      Scope affirms Poland’s credit rating of A+ with Stable Outlook

      Strong economic growth, credible monetary and fiscal framework, adequate external buffers, and sound banking system support the rating; high reliance on capital inflows, budgetary pressures, political and demographic headwinds are limitations.

      Scope upgrades Poland’s newly published credit rating to A+ from A and changes Outlook to Stable

      28/7/2017 Rating announcement EN

      Scope upgrades Poland’s newly published credit rating to A+ from A and changes Outlook to Stable

      Strong economic fundamentals, favourable financing conditions, adequate external buffers and a credible public finance framework support the rating; high reliance on capital inflows, budgetary pressures, political and demographic headwinds are limits.

      Date Title