NBP: lowering Poland’s prospects by rating agencies could lower rating next year
20:54
NBP President Adam Glapiński warned that the recent outlook downgrades for Poland by Moody’s and Fitch Ratings could lead to an actual rating cut within a year. Speaking at a conference, he said the September decisions were a warning signal for Poland to maintain fiscal discipline. Moody’s revised Poland’s outlook from stable to negative while affirming its A2 rating, and Fitch did the same, keeping the rating at A-. Glapiński noted that bond yields and investor sentiment remained unchanged, showing confidence in Poland’s strong fundamentals.
However, he called the move a “red light” from rating agencies, signaling that the government must carefully manage public finances in the coming year.
