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Czekaj, Jan

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Rzeczpospolita - Poland | 19/01/2016

Warsaw to blame for poor rating

The Polish government has accused the US rating agency Standard & Poor's of downgrading Poland for exclusively political reasons without taking into account the country's for the most part positive economic development. Economist Jan Czekaj disagrees in a commentary for the conservative daily Rzeczpospolita: "The political risk and the risks that stem from a political system are among the most important factors for rating agencies in assessing an investment location. The fact that S&P has taken Poland's political situation into consideration isn't an accident, but rather corresponds to the norm. ... If we want to be treated sympathetically in the future we simply have to make our country's politics more confidence inspiring. We have to spend less time stressing that events in Poland are being deliberately misrepresented or misinterpreted."

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