Poland Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
A2 Stable | A- Stable | A- Negative | A Negative | A Stable |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Nov 07, 2025 | DBRS | A | Stable | A | Negative | |
| Sep 05, 2025 | Fitch | A- | Stable | A- | Negative | |
| Jun 02, 2023 | Scope Ratings | A+ | Negative | A | Stable | |
| Jan 14, 2022 | Scope Ratings | A+ | Stable | A+ | Negative | |
| Oct 12, 2018 | S&P | BBB+ | Positive | A- | Stable | |
| Apr 13, 2018 | S&P | BBB+ | Stable | BBB+ | Positive | |
| Jul 28, 2017 | Scope Ratings | NR | A+ | Stable | ||
| Jun 09, 2017 | DBRS | A | Negative | A | Stable | |
| May 12, 2017 | Moody's | A2 | Negative | A2 | Stable | |
| Dec 02, 2016 | S&P | BBB+ | Negative | BBB+ | Stable | |
| Jun 10, 2016 | DBRS | A | Stable | A | Negative | |
| May 14, 2016 | Moody's | A2 | Stable | A2 | Negative | |
| Jan 15, 2016 | S&P | A- | Positive | BBB+ | Negative | |
| Dec 11, 2015 | DBRS | NR | A | Stable | ||
| Feb 06, 2015 | S&P | A- | Stable | A- | Positive | |
| Aug 23, 2013 | Fitch | A- | Positive | A- | Stable | |
| Feb 21, 2013 | Fitch | A- | Stable | A- | Positive | |
| Oct 27, 2008 | S&P | A- | Positive | A- | Stable | |
| Feb 21, 2008 | S&P | A- | Stable | A- | Positive | |
| Mar 29, 2007 | S&P | BBB+ | Stable | A- | Stable |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Poland’s current credit rating?
Poland’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Poland’s credit risk.
Has Poland’s credit rating changed recently?
This page lists the latest rating and outlook actions for Poland, showing when each agency last reviewed or changed its assessment.
Why does Poland’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Poland's bond yields, currency, and equity flows as investors reassess risk.
How does Poland’s rating compare to other countries?
You can explore how Poland ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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