Standard & Poor Upgraded Sofia's Long-Term Credit Rating
The international rating agency Standard & Poor (S&P) Global Ratings upgraded Sofia's long-term credit rating from 'BBB-' to 'BBB', outlook positive, the Sofia Municipality press office reported.
According to S&P Global Ratings analysts, after the local elections in Sofia, there is continuity that will ensure further financial stability and the maintained high liquidity. The international credit agency expects Sofia Municipality to continue to maintain the high level of its own revenues, as before.
Sofia joined the cities with investment ratings in December 2017. The raising of the capital’s rating has happened a couple of days after Bulgaria’s credit rating was also raised. According to S&P Global Ratings rules, a city cannot be rated higher than its state.
- » IIB Board of Directors in Budapest Summed up the Results of 2019: Successful Completion of Relocation to Europe, Record Growth of Loan Portfolio and Key Performance Indicators
- » The United States Owes the UN $ 491 Million
- » The 2020 State Social Security Budget - Adopted
- » The Minimum Retirement Pension Rises to BGN 250 from July 1
- » Minister Goranov: Bulgaria Has the Highest Credit Rating in the Balkans
- » Finding the Right Investment for Your Money