Text size

Standard & Poor's confirms Bulgaria's rating and positive outlook

published on 5/25/24 10:50 AM

Photo: Archive

The international rating agency Standard & Poor's (S&P Global Ratings) has affirmed Bulgaria's 'BBB/A-2' long-term and short-term foreign and local currency sovereign credit ratings. The rating outlook remains positive.

If a stable government is formed immediately after the elections on 9 June this year and a prolonged period of instability similar to the one between 2021 and 2023 is avoided, the agency does not expect a significant delay in the country's accession to the euro area. Even if we do not introduce the euro in 2025, this will most likely happen no later than 1 January 2026, S&P Global Ratings predicts.

According to the agency, the Bulgarian economy has strong growth prospects over the next few years. Real GDP growth is forecast to average just under 3% in 2025-2027.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy credit rating GDP growth Standard & Poor's

More from category

Sofia best city in Europe to retire to: Moneypenny survey

Sofia is the best city in Europe to retire to, according to a survey by the business solutions company Moneypenny, Forbes writes. The survey takes into account factors such as average cost of living, retirement savings needed, and a variety of..

published on 8/6/24 11:29 AM

The Bulgarian National Bank has lowered the base interest rate

The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..

published on 8/1/24 11:39 AM

Low debt, Euro aspiration and EU membership are the positive factors in Moody's assessment of Bulgaria

Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..

published on 7/30/24 12:30 PM