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S&P confirm Bulgaria's credit rating with stable outlook

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The S&P Global Ratings have confirmed Bulgaria's long-term credit rating of 'BBB/A-2', the Bulgarian Ministry of Finance reports.

The medium-term economic consequences of the pandemic are manageable. Recovering domestic consumption and increased absorption of EU funds have been raising growth expectations.

Budget deficit will begin to shrink in 2022. Despite fiscal easing and rising public debt, net government debt remains low at up to 20% of GDP and state financing costs are at record lows. Inflation in Bulgaria will decrease in the second half of 2022, the analysis of the agency showed.

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