Moody's could change Polish rating: Deputy PM
PR dla Zagranicy
Roberto Galea
03.09.2016 15:42
The Moody's rating agency could be shortly looking at changing the economic outlook of Poland, said Polish Deputy Prime Minister Mateusz Morawiecki.
Photo: Flickr.com/Chris RubberDragon
Asked by journalists about the upcoming decision by Moody's, which on 9 September is scheduled to release a new report about Poland, Morawiecki said: “The report [released in May] gave a Negative outlook, they have now issued a warning, so probably the agency will want to carry out a change [in rating], although I do not know this for sure.”
In May, Moody's – one of the Big Three rating agencies – said that the key drivers for the drop were fiscal risks “related to a substantial increase in current expenditures”, and “Impairments to the investment climate from a shift towards more unpredictable policies and legislations”. (rg)