Locked content Moody’s upgrades deposits ratings of Bank Millenium

Moody’s upgraded Bank Millennium deposit ratings to Baa2/Prime-2 from Baa3/Prime-3. “Concurrently the bank’s baseline credit assessment (BCA) and Adjusted BCA were upgraded to ba1 from ba2, and its long-term Counterparty Risk Assessment (CR Assessment) to Baa1(cr) from Baa2(cr) and...

Locked content Polish banking system outlook stable – Moody’s

The perspective of the Polish banking system remains stable, rating agency Moody’s stated in the report. Moody’s expects that the strong country economy will support the demand for banking services, as well as improve the quality of granted credits. The agency estimates that the sector&#...

Moody’s raises Poland’s GDP forecast for 2018-19

Moody’s credit rating agency upgraded 2018 GDP outlook for Poland to 5.0 percent from 4.3 percent expected earlier. For 2019 the agency raised GDP outlook to 4.2 percent from 4 percent. Moody’s estimated that in 2018 Polish economy would reach the peak of activity in the current cycle. In the ...

Locked content Moody’s projects energy wholesale prices at PLN 180-230/MWh

Moody’s expects wholesale power prices to vary within a range of PLN 180 to PLN 230 (€42-54)/per megawatt hour (MWh) in the five years to 2022, Moody’s stated in a report. This compares with a current one-year forward price of above PLN 200/MWh and is higher than the range of PLN 160 to 180/MWh prev...

Moody’s upgrades Poland’s GDP forecast for 2018

Ratings agency Moody’s upgraded Poland’s GDP outlook for 2018 to 4.3 percent from the previous 3.5 percent estimate. The agency added that this forecast is based on the assumption, that the conflict between Warsaw and Brussels will not escalate. “Judicial reform reduces the risk of weakening the ind...

Locked content Moody’s: Polish banking sector has ‘strong fundamentals’

While Polish banks enjoy strong fundamentals, their profitability could come under increased pressure once the FX mortgage bill is approved, rating agency Moody’s said. “The quality of loans will improve slightly, the stronger capital situation supports the resumption of dividends by some bank...

Locked content Judicial reform may undermine rule of law and hurt FDIs – Moody’s

According to ratings agency Moody’s latest report on the CEE region, the latest judiciary overhaul in Poland could erode rule of law and negatively affect the economic sentiment and foreign investments. “The agency believes that a less predictable political environment will limit the credit profile ...