Morawiecki: Moody's rating cut would not be the end of the world

Deputy Prime Minister and Development Minister Mateusz Morawiecki told tv broadcaster TVN24 that Poland hasn't yet received any signals that Moody's will lower its credit rating, but if it happens "it won't be the end of the world." Last week, Minister of Finance Paweł Szałamacha sent a letter to the head of the Constitutional Tribunal asking him not to make public statements ahead of Moody's review on May 13. Morawiecki said that the letter had no significant impact on the weakening of the złoty as it was the result of a geopolitical situation. The minister stated that he is not worried when the złoty is valued at between PLN 4.20-4.50 against the euro. The minister claimed that there is need for a compromise over FX mortgage loan conversion. "There is a need for a compromise, which will give citizens a way out of this situation, this trap," Morawiecki said.