Poland markets to move Friday on expected rating downgrade by moody’s
来源: FxWire Pro - Economy / 12 五月 2016 11:46:38 Europe/London
Polish markets may move Friday on expectation that Moody’s, a rating agency will downgrade the economy on worries about fiscal expansion and institutional changes. Polish zloty is expected to witness the most movement on such an incidence.
"In our view, a downgrade can be expected, because Moody’s still rate Poland two notches above S&P (A2 or A as opposed to BBB+)," KBC said in a research note.
Further, the research bureau aligns that a downgrade from A2 to A3 may already be incorporated. Hence, unless further downgrade is witnessed, downside risks to zloty and Polish government bonds are limited with upward bias.© FxWire Pro 2020. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.