Moody's downgrades Poland for first time in 24 years on fiscal deterioration

Moody's has downgraded Poland's long-term credit rating from A2 to A3, the first such action in 24 years, citing fiscal deterioration and institutional concerns. This move aligns Moody's rating with those of S&P and Fitch, which have maintained similar levels since 2018. While the downgrade signals rising sovereign risk, economists anticipate limited immediate market impact.