Moody’s Raises Bulgaria's Long-Term Rating to BAA1

Business » FINANCE | October 11, 2020, Sunday // 09:17
Bulgaria: Moody’s Raises Bulgaria's Long-Term Rating to BAA1

Moody's has raised Bulgaria's long-term foreign and local currency rating to Baa1 with a stable outlook, Prime Minister Boyko Borissov announced on his Facebook page. According to him, this is due to the progress of Bulgaria in joining the Eurozone and the successfully conducted reforms.

The Prime Minister adds that international experts have noticed an improvement in the country's debt profile, a reliable currency board and a good budget policy. 

Within two months, this is the second authoritative international agency that gives a positive assessment of Bulgaria, Boyko Borissov writes. "Yet another international recognition of our fiscal policy obliges us to complete our work and not to deviate from the course," he concludes./BNR

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: Bulgaria, rating, Moody's

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