DB PREDICTS BETTER RATING FOR BULGARIA

Politics | June 19, 2001, Tuesday // 00:00

Deutsche Bank expectations are that the credit rating of Bulgaria will rise at least by one step from the current rate `B+`, according to `Fitsch IBKA` and `Standard and Powers`, and `B2` according to `Moody`s`, said on the `Darik` radio Petar Botousharov, Vice-President of `Developing Markets` with Deutsche Bank London. The expectations of rising of the rating result from the improving the debt-GDP ratio and expectations of it being more actively managed by the new government, he elaborated. The preliminary returns provide serious advance for the `National Movement Simeon II`. It reduces the risks of bargaining for a new coalition government and of slowing down its forming, explained Mr Botousharov. This is why the Bulgarian Brady bonds are most stable. They stood at the same rates in a moment when the whole Brady market has dropped by 2 or 3 points.

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