Standard & Poor's opens its CEE office in Warsaw
January 29, 2014
An American rating agency Standard & Poor's (S&P) opened in Warsaw a new office which will serve as a hub for the agency's operations for the CEE markets, the agency has said in a press statement.
Marcin Petrykowski has been appointed Regional Head for Central and Eastern Europe and Managing Director of the new office, the statement also read.
Poland was selected as the office site due to its strategic location, growing globalization of business and developing fixed income market, the S&P added.
Petrykowski will coordinate the implementation of S&P's strategy for Central and Eastern Europe, manage the company activities in the region and promote the use of ratings among investors and security issuers, the agency said.
Poland's has an 'A-' foreign currency long-term foreign currency rating from S&P.