Judicial reforms negative to Poland’s credit rating – Moody’s

According to the rating agency Moody’s the ongoing judicial reforms in Poland are negative to the country’s credit rating as they would weaken institutions. “Poland's judicial reform severely threatens the independence of the judicial system and undermines the separation of power,” Moody's said adding that it “would drag down the rule of law and weaken the strength of Polish institutions.” Poland’s Law and Justice (PiS) government implemented three bills which, according to them, would reform the Polish judiciary system. One bill was aimed at replacing all of the Supreme Court judges, another would replace the members of the National Council of Judiciary, which nominates judges, with candidates pick by the parliament. The third one allows the justice minister to appoint judges to lower courts. First two bills were vetoed by President Andrzej Duda, while the third one was signed prompting the European Commission to launch investigation whether it undermines the independence of judges Moody's sovereign rating on Poland is A2 with a stable outlook.