Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

S&P affirms Bulgaria's BBB rating with a stable outlook

Photo: BGNES

The international rating agency Standard & Poor's Global Ratings has confirmed the long-term and short-term credit rating of Bulgaria in foreign and local currency 'BBB/A-2'. This was announced by the Bulgarian Ministry of Finance. 

The outlook for Bulgaria's rating, according to S&P, remains stable. There is an improvement in expectations for the development of the Bulgarian economy, as domestic demand is more resilient to the impact of the pandemic than the agency's preliminary estimates. The decline in GDP in 2020 has been revised to -4.5%, compared to -6.5% set in the May S&P forecast.

The stable outlook reflects the agency's expectations for a rapid recovery of the Bulgarian economy after the pandemic, with no imbalances in the foreign and financial sectors over the next two years.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Lukoil Neftochim in Burgas

FT: Russian oil company Lukoil plans to sell its Bulgarian refinery to Qatari-British consortium

The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times .  The deal is expected to be announced by the end of..

published on 11/6/24 11:55 AM

Bulgaria and Argentina take new steps in their trade cooperation

Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the Chaco province to Bulgaria at the beginning of November . High-ranking officials from the..

published on 11/5/24 11:49 AM
Dobrin Ivanov

Employers want the Supreme Administrative Court to freeze the minimum wage

Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...

published on 11/5/24 11:41 AM