22:00 14 July 2020
Post by: WBJ

Moody’s predicts weakening of Poland’s rating

Moody’s predicts weakening of Poland’s rating
Representative image. Source:

After the presidential election, it is likely that weakening of institutional strength in Poland is likely and this is a negative factor for rating, Moody’s, one of the three biggest credit rating agencies in the world, has said. Andrzej Duda, a loyal ally of the governing right-wing nationalist and populist Law and Justice (PiS) party, was re-elected as the country’s president on July 12. Duda has been accused of rubber-stamping all of PiS’s bills. PiS has been accused of democratic backsliding and erosion of the rule of law.

According to Moody’s, since taking power in 2015, PiS has implemented a number of reforms that “threaten the rule of law in Poland by weakening the independence of the judiciary.”

“Andrzej Duda repeated during the election campaign that he would continue to support the institutional and economic reforms of PiS. We expect that these reforms will further weaken the institutional strength and carry a risk for Poland’s medium-term competitiveness, which is a negative factor for rating,” Moody’s added.

As a result, as indicated in the report, the World Bank WGI (World Governance Indicators) for Poland has weakened. World Bank WGI provides a ranking of over 200 countries and territories based on six dimensions of governance, including political stability, government effectiveness and control of corruption.


andrzej duda
presidential election
credit rating agency

More News


14 days ago

Jurek Sobieniak opens new restaurant on ground floor of Grzybowska Park

22 days ago

'I hope to go on a regular tour in summer 2022': Paulla

1 month ago

‘YouTube has become a global video library during the pandemic’: Susan Wojcicki

1 month ago

'My dream is to build a mini-hotel in Portugal': dancer Ewa Szabatin

Book of Lists

Book of Lists
6 months ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
1 year ago

25th jubilee edition of Book of Lists – project start