Moody’s did not update the rating in Poland – TVP Info

Rating Russian without any changes, just because Moody’s overall Poland today is not engaged. If he worked and wanted to keep the rating, the Agency will bring the message that Moody’s maintains a rating on the same level, as did Fitch.

Now, Moody’s will speak about Poland in may. Can’t do it before because must adhere to the established calendar. Otherwise, has endangered the life of the fines from the European Commission for the impact on financial markets.

In may 2016, the change of rating Outlook to negative from stable

In may 2016, Moody’s holds the rating of Polish debt A2/P-1, but changed the Outlook credit rating from stable to negative.

Among the reasons for its assessment Moody’s has already then, in particular, fiscal risks associated with a significant increase in current expenditure, as well as the intention of lowering the retirement age. If we are talking about costs, the Agency indicated, in particular, benefits for children (in the framework of the ” Family 500 plus) and is indicated by the increase of the amount free from taxes.

the deterioration of the investment climate in Poland, as a result of “a shift towards a more unpredictable policy and legislation”. In this context, the Agency she was talking about “niejasnościach” against “the conversion of mortgages denominated in foreign currency” and “protracted deadlock” in the dispute between the government and the constitutional Court. At the same time in support of retaining the rating, the Agency points to the economic stability of the country, odzwierciedloną, in particular, to the diversification of the economy, which “showed a strong growth of real GDP, regardless of the misfortunes from the outside.”

Rating S&P in April

the Fact that Moody’s has not updated the rating now, it is a right because you don’t have to do this on certain days for the consideration of rating, but, on the other hand, is unable to surprise us in the pre-announced period. Most of the Agency and refrain from decisions when you are not clear about your country.

Before Moody’s in may again will have the opportunity to speak in April, your opportunity will receive the third Department S&P.