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Finance minister expects Moody’s to maintain Poland’s rating

PR dla Zagranicy
Paweł Kononczuk 08.09.2017 13:54
Finance Minister Mateusz Morawiecki has said he expects Moody’s to keep Poland's rating unchanged in a report by the agency expected later on Friday.
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Morawiecki, who is also deputy prime minister and development minister, told the PAP news agency: "I think there will be no changes.”

In May, Moody's maintained Poland's A2 credit rating, while raising its outlook from negative to stable.

Moody's said at the time that the investment climate had not significantly deteriorated under the conservative Law and Justice (PiS) party, which swept to power in Poland’s 2015 general elections.

Fear of such a deterioration was among the factors behind the rating agency's decision to lower Poland's outlook from stable to negative last year. May’s announcement reversed that downgrade.

Moody’s earlier this week sharply upgraded Poland’s 2017 GDP forecast to 4.3 percent from an earlier projection of 3.2 percent.

The Polish economy grew 3.9 percent in the second quarter of this year, according to the country’s Central Statistical Office (GUS).


Source: PAP

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