Moody’s Warns Poland of Foreign Investment Risks
- New Europe Investor
- April 10, 2016
Ratings agency Moody’s has warned that the constitutional crisis in Poland could create damage to the country’s reputation to potential foreign investors.
Moody’s said that the continued tensions in the country may ‘impair Poland’s attractiveness,’ according to a report quoted in the Financial Times.
There is evidence to show that Poland saw a net outflow of $3.1 billion in January, which was the second largest over the last 10 years.
The Polish Finance Ministry was angered at Standard and Poor’s downgrading of Poland’s credit rating in January, something Moody’s has also warned of doing themselves.
Poland’s political situation has been in crisis following last year’s presidential and general election win for Law & Justice (PiS), with the capital Warsaw seeing almost weekly protests over changes being implemented by the new government.