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.
Business | February 1, 2017, Wednesday // 07:18
Coface Cuts Bulgaria Credit Rating
- Tweet
Send to Kindle
The construction sector in Bulgaria has been one of the worst-hit by the global financial crisis, Coface analyses show. Photo by BGNES
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.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
40 000 Small Businesses in Bulgaria to Go Bankrupt by End-2012
Eleonora, Negulova, Chair of Bulgaria's National Association of Small and Medium Business (NASMB), has suggested that some 40 0000 registered SMEs, or 10% of the total, will go bankrupt by end-2012.
Business | November 22, 2012, Thursday // 17:59
Economic Crisis Triggers 6-fold Increase in Debt Collection Agencies in Bulgaria
Bulgarians most often postpone paying cable TV (65%), central heating (60%) and water (55%) bills.
Business | November 16, 2011, Wednesday // 13:03
Foreclosure Sales, Bankruptcies on the Rise in Bulgaria
Private law enforcement officers sell an average 550 pieces of property owned by debtors each month, according to statistics.
Business | November 14, 2011, Monday // 12:57
Bulgaria's External Debt Reaches €44.4 Billion: National Bank Report
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Bulgaria's Poverty Reality: One-Fifth Below the Line in 2023
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's Euro Adoption Likely Postponed: Entry Date Shifts to Second Half of 2025
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
Bulgaria Sees Surge in Lamb Prices as Retail Costs Rise
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
65.3% of Bulgarian Workers Earn Below Subsistence Level
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
