Fitch Lowers Bulgaria, Romania's Credit Ratings

Business | November 10, 2008, Monday // 00:00| Views: | Comments: 0

The international credit ratings agency Fitch lowers Monday the credit rating of Bulgaria and Romania, BGNES reported.

Bulgaria's rating is decreased from BBB to BBB-, whereas Romania's is down by two levels - from BBB to BB+. This places Bulgaria's northern neighbor in the list of countries where it is not beneficial to invest at the moment.

Fitch also lowered the credit rankings of two other Eastern European states - Hungary's was decreased from BBB+ to BBB, whereas Kazakhstan's is down to BBB- from BBB.
Business » Be a reporter: Write and send your article
Tags: Global Financial Crisis
Advertisement All Are Welcome! Join Now!
Bulgaria news (Sofia News Agency - 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." (Sofia News Agency - 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