Moody's raises Bulgaria's long-term rating to BAA1

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Moody's upgrades Bulgaria's rating

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 Bulgaria's progress in joining the Eurozone and successful reforms.

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

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

Source: novinite.com

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