0
0
0Moody’s Puts Poland on Negative Outlook
- New Europe Investor
- May 16, 2016
Ratings agency Moody’s, has placed Poland on a negative outlook from stable, in another major blow to the new Law & Justice government.
However, the agency kept the country’s rating unchanged at A2 which will come as some relief after January’s warning that a downgrade was on the horizon.
Moody’s pointed to the increase in Poland’s increased expenditure and ‘impairments to the investment climate.’ It cited unpredictable policy implementation by the government to the reason for its decision.
Standard & Poor’s lowered Poland’s credit rating in January from to BBB+ from A-. Similarly, it cited the new government and the weakening of the independence of key institutions in the country.
Prime Minister Beata Szydlo claimed Standard and Poor’s move was politically-motivated. The government has insisted that Poland’s economy is stable.
Related Articles
-
Polish Inflation Lowers to 2%
Polish Inflation Lowers to 2%
April 02, 2017Poland’s consumer index slowed from 2.2% year on year in February to 2%, the statistics ...
-
Polish Economy to Grow 3% This Year
Polish Economy to Grow 3% This Year
February 15, 2017Poland’s economy is set to grow over 3% this year, Deputy Prime Minister and Finance ...
-
Poland’s Shale Dream Officially Ends
Poland’s Shale Dream Officially Ends
October 23, 2016Polish energy companies, PGNiG and PKN Orlen have finally given up their hopes of extracting ...
-
Record September for Warsaw’s Chopin Airport
Record September for Warsaw’s Chopin Airport
October 20, 2016Warsaw’s primary airport, Chopin, saw record numbers of passenger for September with 1.3 ...
-
Poland’s Auction Site Allegro Up for Sale
Poland’s Auction Site Allegro Up for Sale
August 01, 2016The largest auction website in Central and Eastern Europe Allegro, has been put up for sale ...
