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Moody's credit rating of Poland unchanged, but outlook slumps


Grzegorz_  51 | 6138  
16 May 2016 /  #31
The fact is that the Warsaw stock exchange has become the worst performing in the region (and almost the worst performing in the world) since PiS

So how about you quote some independent experts (the real ones, not the LiS/Newsweek/KOD/PO pederasts) who claim that it's due to actions of PiS ?

Agree about ratings agencies being difficult but there is a simple method to avoid them - don't borrow money.

Unfortunately it's not that simple, most of the new government bond issues are related to debt rolling operations (in 2015 alone that was +100 billion), basically paying off the old debt with the new one, so that would happen even If the current deficit was 0. Most of the governments these days have to deal with the outstanding debt at hundreds of billions at least, from day 1 when they take over the office, so they are dependent on the banksters and their ****** "rating agencies" anyway. The only alternative would be running a huge surplus and pay off most of the debt accumulated over decades within several years. That, next to being basically impossible, would push any economy into recession.

I've posted numerous times in this thread

Yeah, "lol", "lies" etc. You clearly have no clue about rating agencies and their "performance".

Why do you think I work in a kindergarten?

Because you admitted that several months ago.

And why care so much about Poland anyway? As your profile says, you live on a "Plantation (abandoned Poland so long ago)"

Christ on the bike, ever heard about sarcasm ?
Ironside  50 | 12338  
16 May 2016 /  #32
the previous government who were an economic success.

Yes, they were so terribly successful - pry tell us what you regard as their greatest achievement>?
delphiandomine  86 | 17823  
16 May 2016 /  #33
Poland was considered a decent, honest and reliable partner in both the EU and NATO and was widely considered a regional power.

These days, everyone is laughing at Poland.
Ironside  50 | 12338  
16 May 2016 /  #34
These days, everyone is laughing at Poland.

That is a very healthy pastime, see Poland is beneficial for everyone, for their health at least.
However I have asked jon about their greatest ECONOMIC success.
OP Polonius3  980 | 12275  
16 May 2016 /  #35
worst performing stock market in the region

...If so, it is not because Polish companies are performing so poorly but that KOD subversives are scaring investors away wtih their rabble-rousing and painting Poland as a country in turmoil. But the only turmoil is amongst the Saturday ranters and chanters. However, from a distance the deftly manipulated news spewed by anti-government propaganda mills and repeated by biased liberal-lefstream media convey an intimidating false image.

Care to remind us how many tens of billions

Care to remind us of the 340 billion the PO/PSL regime squandered during their reign of misrule?
delphiandomine  86 | 17823  
16 May 2016 /  #36
Care to remind us where the evidence is?

As almost everyone not connected to PiS has pointed out, the "audit" doesn't physically exist. There's no paperwork and no evidence, and the number appears to have been made up on the spot.

Even Morawiecki, normally the voice of reason, has been completely ridiculed for saying in the Sejm that the economy is in ruin while claiming to other news outlets that it's perfectly fine.
smurf  38 | 1940  
17 May 2016 /  #37
You clearly are an idiot

I fixed your post

Because you admitted that several months ago

Nope, wrong
I did work in a private preschool, but we had that conversation, very different things.
Your obsession with children though, yea, that's worrying

Christ on the bike, ever heard about sarcasm

Ever heard of stickin on topic rather than your usual schtick of attacking posters?

Care to remind us where the evidence is?

Polo provide evidence?
PiS supported don't need evidence, they have faith :D :D :D
OP Polonius3  980 | 12275  
17 May 2016 /  #38
provide evidence?

Yesterdays reactivation of a border guard post in the Tatra Mountains is one piece of evidence. Many polcie stationss were also closed. Like the OFE heist in broad daylight, all those ill-considered schemes were conceived by the inept Platformers to patch up their porous budget. And that is evidence no-one even tries to deny. Now they are trying to deflect criticism by thinking up new tug-o'-wars, this time over the date and sponsorship of an inter-party TK debate. Red herrings have long been a PO speciality!
smurf  38 | 1940  
17 May 2016 /  #39
Yesterdays reactivation of a border guard post in the Tatra Mountains is one piece of evidence. Many polcie stationss were also closed.

Ah OK, so the opening on one, yea folks, one guard post in the Tatras has led to Moody's decision

You should do 30mins in Klub Komediowy some night bro

But yea, actual proof with y'know, evidence which would include links and facts would be nice.
But hey, an auld dog like you doesn't learn new tricks I suppose
OP Polonius3  980 | 12275  
17 May 2016 /  #40
inept Platformers

The PO poor losers' camp have cooked up another scheme to keep the altercation simmering: a motion to recall the Marshal (speaker) of the Sejm. They know full well it has no chance of being passed, so that is yet another proof that they are only stirring the cauldron of controversy to create the image of a country is turmoil. The main turmoil is on those Saturdays when the ranting, chanting dingbats go on parade.
smurf  38 | 1940  
17 May 2016 /  #41
to create the image of a country is turmoil

The country isn't in turmoil dude, just the parliament
G (undercover)  
17 May 2016 /  #42
smurf

Pathetic, as usual.
Marsupial  - | 871  
17 May 2016 /  #43
A government of clueless nuts backed by the clueless.
smurf  38 | 1940  
17 May 2016 /  #44
Pathetic, as usual.

Yea mate, you signed into your wrong account there Greggy me auld tuplip

Probably you were trolling on another thread and then forgot to sign out
*slow clap

Oh look, now the IMF are getting involved

",... weakening of some institutions and policies or fiscal slippages could worsen investor sentiment and hinder economic expansion. Over the longer term, a rapidly ageing population poses important challenges to potential growth and sustainability.....enduring income disparities between Poland's prosperous west and the lagging east could undermine the quality of growth,"

thenews.pl/1/12/Artykul/253127,Polish-govt-initiatives-could-slow-down-growth-IMF from here

Just keeps getting worse and worse for PiS
Which is just lovely :)
Marsupial  - | 871  
17 May 2016 /  #45
It will keep getting worse until they are voted out or catch a flight together.
smurf  38 | 1940  
17 May 2016 /  #46
It certainly would be a wonderful time to be a journalist............unless you're a journalist that works for the state controlled media, but the free media. You'd only have to turn up for work and you'd have your pick of various political catastrophes to write/talk about
OP Polonius3  980 | 12275  
17 May 2016 /  #47
just the parliament

But foreign capital do not invest their money in Poland's parlaiment. The image projected by Poland's and the world's KOD-compliant media (GW, TVN, TVN, Spiegel, FAZ, BBC, CNN. Guardian, Le Monde, NYT et al) and seen from afar is one of a country in deep trouble wtih democracy a shambles and therefore a potentially high-risk counrtry for investors.

an indictment of

Indictment of the rabble-rousers sntiching and trying to involve outside forces in Poland's internal affairs thereby effectively creating the image of an unreliable and unpredictabel country in disarray. Hardly the climate anyone would want to invest in. There are so many far more vital issues in today's world (migrant crisis, terrorism, China's economic woes et al) that the otuside world would not have zeroed in on Poland's internal matters had it not been for KOD's Targowica-style snitchery and lobbying.
Ziemowit  14 | 3936  
17 May 2016 /  #48
of a country in deep trouble wtih democracy a shambles and therefore a potentially high-risk counrtry for investors.

But then Deimler invests in Poland despite PiS killing democracy and introducing facism and all this. Nevertheless, those Anglo and Anglo-Irish people who came to Poland as economic migrants cannot explain it and keep repeating that things are getting worse and worse. Maybe not in Poland, but in Ireland?
Ironside  50 | 12338  
17 May 2016 /  #49
So, let sump up that Moody's ratings? They haven't changed have they? Regardless of what those English teachers in Poland who post on PF claim.

Would you really need about 50 posts to get it right? Some people are really dense - another truism.
Marsupial  - | 871  
17 May 2016 /  #50
Bottom line is...pis makes people nervous
mafketis  38 | 10928  
17 May 2016 /  #51
More like piS makes those people who understand economics to some degree nervous. People who can be talked into having kids for 500 z's a month are probably giddy....
smurf  38 | 1940  
17 May 2016 /  #52
But foreign capital do not invest their money in Poland's parlaiment

Duh, dunderhead, that ain't what I said, I said the parliament was in turmoil.

Investing in parliament, while it might be what your communistic tendencies want, was never brought up in this thread, so please yea, remain on topic and stop trying to put words into other peoples' mouths.

Bottom line is...pis makes people nervous

very much so

People who can be talked into having kids for 500 z's a month are probably giddy....

Hahaha true
OP Polonius3  980 | 12275  
17 May 2016 /  #53
pis makes people nervous

The only people made nervous are PO scamsters, ex-SB types and others with things on thir conscience who prefer that information files on them should stay closed or, better yet, get run through the shredder. Jaruzel & Kiszczak destroyed tonnes of files at the papermill in Konstancin-Jeziorna but some stuff slipped through the cracks.

parliament was in turmoil.

Precisely, and parliaments are known to be the scene of highly heated debates and wrangles. That alone would not have mattered to the outside world were it not for the snitchery and anti-Polish lobbying. Schetnya crying on Merkel's shoulder, Petru giving anti-government interviews to the NYT, Kijowski travelling to Washington to snitch against his own country. And Petru exclaiming to the world: "There are a quarter of a million of us", when even the normally aiased pro-KOD GW after a careful recount reported there had been only 56,000 marchers on 7 May.

But as the Polish saying goes, "pierwsze słowo do dziennika, drugie słowo do śmietnika!" The world-wide press plastered the 250,000 figure in headlines but how many published a rectification?
Harry  
17 May 2016 /  #54
others with things on thir conscience who prefer that information files on them should stay closed or, better yet, get run through the shredder.

Who do we all know that fits that description to a T?
smurf  38 | 1940  
17 May 2016 /  #55
The only people made nervous are PO scamsters, ex-SB types and others with things on thir conscience who prefer that information files on them should stay closed or, better yet, get run through the shredde

You must be sh!tting bricks then eh?

were it not for the snitchery and anti-Polish lobbying.

Oh change the record, you're so boring

Always the victim, it's never your fault
jon357  73 | 22983  
17 May 2016 /  #56
Bottom line is...pis makes people nervous

Nobody here is happy about them. Maybe out in the sticks where they have some support there are different opinions, however nobody has a good thing to say about them here in Warsaw.

When the slump in the economy that this thread is about hits manufacturing in small towns things will be different, but worth mentioning that PiS core support is pensioners and people on the fringes of agriculture.
OP Polonius3  980 | 12275  
17 May 2016 /  #57
fits that description to a T?

The bald loudmouth in the employ of a clandestine British-based party perhaps?!

snitchery and anti-Polish lobbying

BAD NEWS FOR KODISTS AND ALL THOSE WHO WISH POLAND ILL:

May 17 European Investment Bank (EIB) plans to maintain its 2016 lending for Poland at last year's level of 5.5 billion euros ($6.2 billion), despite Moody's decision to cut its rating outlook last Friday, the EIB's Polish representative said.

In January, Standard and Poor's rating agency cut Poland's rating. Last week, Moody's Investors Service decided to cut Poland's outlook which indicates that its next decision might be to lower the country's rating, which might discourage foreign investors.

"We're observing the situation, but for now it does not worsen the perception of project risk which we analyse in Poland," EIB director in Poland, Piotr Michalowski, said.
smurf  38 | 1940  
18 May 2016 /  #58
Firtch are going to downgrade Poland's rating too

Oh man, oh man am I happy I never invested money in Polish stocks

here twitter.com/_Jakub_Borowski/status/732866649565605890

Image here

Poland rating

Hey Mods, the insert image feature isn't working
link to an image should have the jpg/png extension
Ziemowit  14 | 3936  
18 May 2016 /  #59
BAD NEWS FOR KODISTS AND ALL THOSE WHO WISH POLAND ILL:

Firtch are going to downgrade Poland's rating too. Oh man, oh man am I happy

I shall like to report that Smurf wishes Poland ill. Thank you.
smurf  38 | 1940  
18 May 2016 /  #60
link to an image should have the jpg/png extension

Thanks, I'll change to jpg so

I shall like to report that Smurf wishes Poland ill.

I shall like to report that Ziemowit cannot read and wants to manipulate and twist the words of posters to fit his own twisted agenda

Here's what I actually wrote

Oh man, oh man am I happy I never invested money in Polish stocks

Lol, Ziemowit, all the lolz
Top bantz mate, top bantz

I suppose just for the record, I don't wish Poland ill, I do however, wish all the ills possible on the PiS government

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