Moody’s downgrade spotlights Poland’s debt surge and election spending
Poland’s surging debt contributed to a Moody’s credit rating downgrade last week, drawing attention to concerns about limited appetite to rein in spending ahead of next year’s national election.
Poland’s rising debt was underscored by last week’s credit rating downgrade, a warning sign for investors who fear there is little appetite to curb spending ahead of a national election next year. The central European economy has been sustained by strong growth, but the downgrade has sharpened concern over fiscal discipline as the election approaches.