STANDARD & POOR'S CONFIRMED SOFIA’S BB LONG TERM RATING

Politics | December 14, 2001, Friday // 00:00

The Standard & Poor's rating agency confirmed Sofia's credit rating, the Sofia Municipal Council announced. Sofia's local currency long-term rating is BB (stable), and the foreign currency long-term rating of unsecured debt is BB- (stable). Standard & Poor's credit rating reflects the overall improvement of environment in Bulgaria which is a result of the political stability, the economic reforms, the projections for a GDP growth and the stabilization of the Bulgarian lev after it was pegged to the Deutsche mark/the euro, the press release of the Sofia Council reads.
Politics » Be a reporter: Write and send your article

Advertisement
Advertisement
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