Poland's pension overhaul neutral for its creditworthiness-Moody's
WARSAW, Sept 5
WARSAW, Sept 5 (Reuters) - Poland's overhaul of its pension system that will include a transfer of bond holdings of private pension funds to the state does not have a significant effect on its creditworthiness, Moody's Investors Service said on Thursday.
"On balance, the proposed changes do not fundamentally alter our views on the sovereign's creditworthiness," the rating agency said.
"Nevertheless, the fiscal impact is likely to be positive as it implies a reduction of debt metrics, granting more fiscal space with respect to the country's fiscal and debt rules," it said in a statement.
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Pope Francis named Time's Person of the Year |
- Uruguay becomes first country to legalize marijuana trade
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls