Moody’s Investors Service’s decision of opening an office in Warsaw is motivated by Poland’s increasing role in financial market of Central Europe and the European Union. Anna Jełowicka will be appointed the General Manager of Warsaw seat.
Poland is the only country from the core CEE region that did not experience a contraction during the height of the economic and financial crisis. The Polish corporate bond market has grown significantly since 2008, with issuance increasing by almost 30% in the last year alone. Polish market participants are increasingly tapping global capital markets to meet their growing financing needs, against a backdrop of an expected 2.5% GDP growth for 2014. As a result, Warsaw has emerged as a key regional financial centre with activity also growing in the domestic bond market with circa $37 billion of outstanding debt excluding treasury debt – said Anna Jełowicka.
Ratings play a constructive role in how economies and companies are financed by providing a common language of credit across countries and asset classes, which helps promote the flow of capital between lenders and borrowers. We have covered the Polish capital markets for almost 20 years, mainly focusing on cross-border issuers, and we hold a leading market coverage position for Polish corporate ratings and cross-border transactions. Our Warsaw office, the eighth in the European Union, will further reinforce this commitment – commented Olivier Beroud, Regional Head of Moody's Investors Service for Europe, Middle East and Africa (EMEA).
Moody’s Investors Service deals with rating services, research and risk analysis. The company operates in 115 countries, serving 10 000 corporate issuers and 22 000 public issuers.