Poland Buffeted by Top Court Crisis Before Moody’s Review: ChartBy
Poland’s zloty has been on a rollercoaster since the government elected in October took steps to encroach on key institutions. The currency tumbled the most in four years after S&P Global Ratings downgraded the sovereign in January and weakened again last month following a warning by Moody’s Investors Service that a crisis over the constitutional court was “credit negative.” If Moody’s decides to cut Poland’s A2 rating on Friday, as five of 15 economists surveyed by Bloomberg predict, the zloty may slide more than 1 percent to 4.39 per euro, according to their average forecast.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Billionaire Tom Barrack Throws Harvey Weinstein a Lifeline
- Everything Is Crazy and the Markets Aren’t Freaking Out
- Facebook Is Looking for Employees With National Security Clearances
- London House Prices Fall Most Since Financial Crisis
- Kushners’ Control of Family’s NYC Crown Jewel Is Now in Jeopardy