Fitch Ratings Raised the Perspective of the Long-term Credit Rating of the Bulgarian Development Bank

Business » FINANCE | April 2, 2019, Tuesday // 16:25| Views: | Comments: 0
Bulgaria: Fitch Ratings Raised the Perspective of the Long-term Credit Rating of the Bulgarian Development Bank

The international rating agency, Fitch Ratings, raised the prospect of the long-term credit rating of the Bulgarian Development Bank, the bank said. They then specify that the bank receives the highest possible credit rating for a financial institution in Bulgaria.

The ratings of the rating agency are changed from the BBBBU to a stable BBBB with a positive long-term credit rating outlook.

The Bulgarian Development Bank explains that this shows a balance of the risks associated with rating the credit rating.

They recalled that by the end of 2018 its assets grew by 22% compared to the same period in 2017 and reached over BGN 3 billion.

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