Credit Rating Report

Morningstar DBRS Confirms Republic of Poland at "A", Stable Trend

Sovereigns

Summary

DBRS Ratings GmbH (Morningstar DBRS) confirmed the Republic of Poland's Long-Term Foreign and Local Currency -- Issuer Ratings at "A". At the same time, Morningstar DBRS confirmed the Republic of Poland's Short-Term Foreign and Local Currency -- Issuer Ratings at R-1 (low). The trend on all ratings is Stable.

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