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Dagong lowers Poland outlook

08-03-2011 15:16 BJT

Dagong Global Rating Co Ltd on Tuesday adjusted the outlook of Poland's sovereign credit rating from stable to negative, while maintaining the country's ratings on domestic and foreign currencies on A and A-.

The agency said the structure of Poland's foreign investments is deteriorating, with huge amounts of short-term capital flowing in and the government's debt burden increasing rapidly, threatening financial stability and an economy that is heavily dependent on foreign capital.

A downgrade is likely if the risks intensify.

Editor:Yang Jie |Source: China Daily

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