Moody's downgrades Poland sovereign rating to A3 from A2
Moody's downgraded Poland's sovereign rating to 'A3' from 'A2', citing sustained deterioration in fiscal strength amid defence, infrastructure and social spending programmes.
Credit ratings agency Moody's lowered Poland's sovereign rating to 'A3' from 'A2' on Friday, citing a sustained deterioration in the country's fiscal strength. The downgrade comes as Poland continues to finance major defence, infrastructure and social spending programmes while maintaining some of the…