S&P unexpectedly upgrades rating on Poland



WARSAW, April 13 (Reuters) - Rating agency S&P Global surprisingly changed the outlook on Poland's BBB+ sovereign rating to positive from stable on Friday citing the country's robust economic and fiscal performance.


"The outlook revision also speaks to our rising confidence that tax administration reforms have generated a secular increase in public revenues of around 0.5 percent of GDP," the agency said.

S&P also said it could raise Poland's rating if the economy continued to expand at a buoyant pace without generating large net external financing needs, and should government debt to GDP remain on a clear downward trend.