Fitch Ratings Agency Re-Affirmed Bulgaria's Credit Rating

Business » FINANCE | February 24, 2020, Monday // 07:30| Views: | Comments: 0
Bulgaria: Fitch Ratings Agency Re-Affirmed Bulgaria's Credit Rating econ/BGNES

Fitch Ratings re-affirmed Bulgaria's sovereign long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB’, with a positive outlook. The agency emphasized that Bulgaria's economy will grow by 3.3% in this and next year.

“It is Bulgaria´s highest current account surplus on record and the highest in the ‘BBB’ and ‘A’ [rating] categories,” Fitch said

The agency sees a positive change in the country's future accession to ERM II.

 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: Fitch Ratings, BBB, Bulgaria, credit rating
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria