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


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.


Leave a comment

You must be logged in to post a comment.
privacy preferences
When you visit our website, information may be stored by your browser for various services, usually in the form of cookies. Here you can change your privacy settings. Please be aware that blocking some cookies may result in reduced functionality of the website.