Bulgaria: "Standard & Poor's" confirmed the Credit Rating of Sofia

Business » FINANCE | August 26, 2023, Saturday // 09:20
Bulgaria: Bulgaria: "Standard & Poor's" confirmed the Credit Rating of Sofia @Wikimedia Commons

The leading rating agency "Standard & Poor's" /S&P Global Ratings/ confirmed today the investment rating of Sofia Municipality of BBB with a stable outlook, which is equal to that of the country. This was announced by the press center of Sofia Municipality.

The municipality's rating has been continuously at investment level since 2010, which is a recognition of the results achieved by Mayor Yordanka Fandakova and her team. The high rating is one of the prerequisites for the high level of foreign investments in the municipality, the announcement states.

The international rating agency notes the strengths of the metropolitan economy, municipal financial planning and prudent financial management.

In a complex political and economic situation, the capital's results are once again being positively evaluated, Deputy Mayor Doncho Barbalov said on his Facebook profile.

Follow Novinite.com on Twitter and Facebook

Write to us at editors@novinite.com

Информирайте се на Български - Novinite.bg

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: Standard & Poor's, credit rating, sofia

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