Economy
15:08 24 May 2019
Post by: WBJ

Lower EU funding is credit negative for the region's sovereigns – Moody’s

Lower EU funding is credit negative for the region's sovereigns – Moody’s
source: Flickr

EU  funding available to Central and Eastern European sovereigns will fall from 2021 onward as the UK's planned exit reduces total funds, and as income convergence and additional distribution criteria reduce the volumes of funding available to the region. This is credit negative for the region's sovereigns
“Our scenario analysis suggests that Hungary, Poland and Slovakia will face the largest reductions in EU funds, and of the three Hungary will be in the weakest position to mitigate the negative impact,” Moody’s analysts said.
(WBJ)

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