Moody's may downgrade Poland's rating - Morawiecki
22:12
On Friday in London, Deputy Prime Minister and Development Minister Mateusz Morawiecki announced that rating agency Moody's is likely to downgrade the economic outlook of Poland.
"Poland may suffer a rating cut by the Moody's, as suggested by agency's recent moves," the official suggested.
Asked about Moody's decision on Poland's rating scheduled for September 9, Morawiecki said: "They issued a negative outlook, now they published a warning, so presumably they will want to conduct a change in rating, although I obviously do not know that."
Recently, Moody's has warned that the escalation of the conflict concerning the Constitutional Court of Poland could worsen the investment atmosphere, and, as a consequence, lower Poland's rating.
In mid-May, Moody's maintained Poland's long-term foreign debt grade at A2, but changed the outlook from stable to negative.
