Poland was assigned the highest short-term rating at Moody’s Investors Service because of the country’s improved liquidity and rising cash reserve.
The rating company assessed the government of the European Union’s largest eastern economy Prime-1, it said in an e-mailed statement late yesterday. Poland has an A2 long-term debt rating, the sixth-highest investment grade, with a stable outlook at Moody’s, according to the report.
“The stock of short-term outstanding debt has declined markedly to under 1 percent of gross domestic product by the end of 2011 from around 4 percent in 2008,” Moody’s said.
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