S&P upgrades rating of Bulgaria

Photo: BNES

Standard & Poor's have upgraded Bulgaria's long-term and short-term credit rating in foreign and local currencies to "BBB- / A-3" from "BB + / B". 

The raised rating reflects strengthening of the country's external position as a result of the prolonged expansion of exports and the increase in savings.

 According to Standard & Poor's, the risks associated with a substantial and sudden change in financial flows coming from abroad, and in particular foreign direct investments, have declined significantly.

More from category

Bulgaria among EU countries with highest consumption of electricity from renewables

Bulgaria has already exceeded the EU targets for production and consumption of electricity from renewable sources. Now normalization of electricity prices is in the offing. Eurostat announced recently that Bulgaria had not only reached,..

published on 2/12/18 1:09 PM

Workforce scarcity puts Bulgaria in need of hiring foreign shepherds

Bulgaria's economy is on the rise and it should continue this way for at least two more years, according to international analysts. There is, however, a requirement to be met–the current lack of workforce must be overcome. If this shortage did..

published on 2/7/18 1:02 PM

Bulgaria’s business elite ages

A survey of the Bulgarian Industrial Association (BIA) suggests that the business elite in Bulgaria has been ageing. Rapid technological development has opened a gap between older and younger generations of managers. „This gap may turn into a..

published on 2/3/18 11:00 AM