Coface Improves Bulgaria's Risk Rating
Bulgaria's rating is upgraded from B to A4, in a 2017 forecast of Coface the global trade credit insurer.
Coface, the international company for credit risk management, said it has revised downwards Bulgaria's credit rating from A4 to B.
The agency cited the increased business risk in the country, which makes Bulgaria one of 47 counties with reduced credit rating due to the impact of the global financial crisis.
"Bulgaria is expectedly among the countries with reduced credit rating due its increased vulnerability to the external economic shock," Kameliya Popova, Chief Executive of Coface Bulgaria, said.
The construction and agriculture sectors are the worst-hit by the crisis, Coface analyses show.
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