Moody's warns Polish judiciary reform credit negative
Published on: Sunday 30 July 2017
Moody's Investors Service warned on Monday that the judicial reform severely threatens the independence of the Polish judicial system, undermines the separation of power, and is credit negative. "Poland's judicial reform severely threatens the independence of the judicial system and undermines the separation of power, a credit negative for the sovereign because it would drag down the rule of law and weaken the strength of Polish institutions," Moodys' said in a report. On Saturday, the European Commission launched an infringement procedure against Poland and send a letter of formal notice to Polish authorities.
