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.

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