Credit ratings agency Moody’s lowered Poland’s outlook to “negative” from “stable” on Friday, citing a materially weaker outlook for fiscal and debt metrics amid rising spending pressures and political gridlock.
“Our decision to change the outlook to negative reflects a materially weaker outlook for fiscal and debt metrics compared to our earlier expectations,” the agency said in a statement.
Earlier this month, Fitch lowered Poland’s outlook to “negative” from “stable”, warning wider-than-expected deficits and limited room for credible fiscal consolidation ahead of the 2027 elections.
Moody’s affirmed Poland’s long-term issuer and senior unsecured ratings at “A2”.