Standard & Poor's upgrade Bulgaria's long-term and short-term credit rating

Photo: BGNES

Prime Minister Boyko Borissov told reporters that Standard & Poor's assessment of Bulgaria was a response to the criticism of the government. The international rating agency S&P Global Ratings has upgraded Bulgaria's long-term and short-term foreign currency and local currency credit ratings from 'BBB/A-2' to 'BBB-/A-3'. According to the Agency's assessment, Bulgaria has sustainable economic development without macroeconomic imbalances, and the outlook for the rating is positive. With this increase, we reach the highest credit rating on the Balkan Peninsula, outperforming countries such as Romania, Greece, Turkey, and Russia, and have a comparable rating, but better in terms of prospects than Hungary, said Finance Minister Vladislav Goranov.


More from category

Moratorium on sale of arable land to foreign nationals in Bulgaria remains

Following very sharp objections from branch organizations, the Bulgarian Ministry of Agriculture and Food has withdrawn the draft to the Ownership and Use of Agricultural Land Act. The Agriculture Ministry announced that the texts will be finalized..

published on 12/6/19 6:02 PM

No dangerous salmonella-infected chilled chicken sold on the market: Minister of Agriculture Desislava Taneva

109 tons of salmonella-infected chicken meat from Poland were confiscated, Bulgaria’s Minister of Agriculture and Food Desislava Taneva announced. The rest of the meat (345 tons) from the same producer went under heat treatment. Not even a single..

published on 12/6/19 4:38 PM

Bulgaria attracts more and more investments in IT sector

Bulgaria, which is the poorest country in the EU, attracts a large volume of foreign green-field investments in the information and communication technologies, Financial Times writes. In four years, the volume of these investments increased five times..

published on 12/6/19 3:52 PM