Poland - Factors to Watch May 16
Following are news stories, press reports and events to watch that may affect Poland's financial markets on Monday. ALL TIMES GMT (Poland: GMT + 2 hours):
MOODY'S
Moody's Investor's Services confirmed Poland's rating but cut its outlook to negative on Saturday, citing rising fiscal risks and the conservative government's shift to more unpredictable policies and legislation.
Just over half the analysts polled by Reuters expected the move after fellow rating agency Standard and Poor's rattled investors with a downgrade in January, saying the new government's policies eroded the independence of institutions such as the top court.
KGHM
Poland's KGHM, Europe's No.2 copper producer, said on Friday it was delaying the next phase of expansion at its key overseas mine in Chile, after stubbornly low metals prices more than halved its net profit in the first quarter.
****Reuters has not verified these stories and does not vouch for their accuracy.****
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