Poland to repay Paris Club debt, credit rating remains at current level

This opinion was a reaction to an earlier announcement by the Finance Ministry, which disclosed its plans to repay the EUR 12.3 billion debt to the Paris Club and to the statement by Deputy Treasury Minister Wiesław Szczuka, who said he hopes for a boost in ratings. The Ministry intends to finance the debt by, among other means, the issue of Eurobonds worth EUR 1.5 billion. The Eurobonds will be emitted in 2005 and 2006 and got a BBB plus long-term rating from Fitch. The first emission of the bonds will take place next week. (Parkiet p. 8) M.G.