Warsaw to invest zł.15.4 billion in the next four years

City authorities will also acquire loans from international financial institutions for large infrastructural projects. Warsaw's debt currently amounts to zł.2.2 billion, but the coming years should see the figure rise by an additional zł.5 billion. To have the bonds placed at the best possible terms, Warsaw needs a credit rating. "Our analysts are still working. I cannot make even a rough estimate of our assessment of Warsaw's credibility, but the official report on this issue will be published later this year," said Mauro Crisafulli, deputy president of Moody's Italia.