Polish Finance Minister comments on Moody's decision

Polish Finance Minister Paweł Szałamacha has commented on rating agency Moody's maintaining Poland's long-term foreign debt grade at A2 and changing the outlook from stable to negative. "Moody's rating for Poland is considered to be objective and acceptable. I would question the revised outlook from stable to negative. The agency has identified three main factors that drive the decision. The first is some uncertainty associated with considerable ability to finance new, ambitious tasks of social policy; the second factor is the question of a loan denominated in Swiss francs; and the third is the deadlock over the Constitutional Court," Minister added that in the first factor of Moody's decision is "hipotetic and fraught with a certain pessimism." "Both me and the Prime Minister have clearly informed, many times, that our intentions will be implemented according to the schedule of tax revenue rebuilding. During the first year of the program, we are family-oriented. However, we are working intensively on the renewal of Poland's budget revenues," Paweł Szałamacha said.