Moody’s Downgrades Poland's Rating
Moody’s said years of heavy borrowing and a 7.3% deficit in 2025 have weakened public finances and raised debt-servicing costs.
- On September 18, rating agency Moody's downgraded Poland's long-term credit rating to A3 from A2, citing years of heavy borrowing that significantly weakened the country's public finances.
- Moody's warned of a "durable deterioration" in fiscal strength, exacerbated by a political stand-off between Prime Minister Donald Tusk and President Karol Nawrocki that stalled revenue-raising measures.
- Projections indicate the general government deficit will remain near 7 per cent of GDP through 2027, with public debt forecast to climb to 68.9 per cent amid rising healthcare and defense costs.
- Finance Minister Andrzej Domański urged calm, asserting that "the Polish economy is growing fast, and its fundamentals remain strong," while the opposition blamed the government for failing to address tax avoidance.
- Amid fears of Russian escalation, Poland spends almost 5 per cent of its GDP on defense, a strain partially offset by President Donald Trump's announcement of a permanent U.S. Army base.
20 Articles
20 Articles
Poland's lost step is not the most important information. It is the way in which Warsaw arrived here: with a booming economy and a deficit of almost 7% of GDP. Moody Aligned Poland with Fitch and S&P (A-), and the prospect remains stable. Finance Minister Andrzej Domański, said, with a...
The downgrade of Poland's rating did not affect the country's financial situation, assured Finance Minister Andrzej Domański. In his opinion, it did not affect either the zloty exchange rate or the prices of Polish treasury bonds.
Czechs have long stopped looking down on Poland as a poorer relative. At least those who know something about their northern neighbor do. For example, just drive along the highways there, which the Poles were feverishly building fifteen years ago ahead of the European Football Championship, and it's immediately clear who made better use of it...
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