Fitch upgrades Kielce

Fitch Ratings said it upgraded the Polish city of Kielce’s long-term foreign- and local-currency issuer default ratings to BBB from BBB-.

Fitch also said it upgraded the national long-term rating to A(pol) from A-(pol).

The outlook is stable.

The upgrades reflect the city’s improving operating performance and sound debt ratios, supported by robust management practices and a growing national economy, Fitch said.

The stable outlook considers expectations that the city will demonstrate sound operating performance in the medium term, the agency said.

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