Standard & Poor’s chooses Warsaw for CEE operations
Rating agency Standard and Poor’s has chosen Warsaw as the new heart of its Central & Eastern European operations.
“We have chosen Poland as our Central and Eastern Europe hub due to its strategic location, growing internationalization of business, and emerging domestic bond market,” Marcin Petrykowski, managing director of the new office, said in a press release.
Poland has emerged as the focus for broader Central & Eastern European capital markets, with the Warsaw Stock Exchange developing into the most significant regional centre for both equities and bonds. The exchange’s current drive to improve compliance standards and transparency is partly aimed at solidifying that position and encouraging continued investment – particularly as EU structural funds begin to wane.
“We believe that Poland will continue to attract foreign investors over the long term, particularly considering that its growing domestic and foreign debt markets are the most developed in the CEE region,” said Petrykowski.
Standard & Poor’s currently rates Poland A- with a stable outlook.