Fitch Ratings has revised the outlook on Bulgarian Development Bank’s Long-term Issuer Rating to Positive from Stable and affirmed the Long-Term IDR and Support Rating Floor at “BBB”, announced the international credit rating agency. The revision of the outlook follows that on the Bulgarian sovereign rating on February 19, informs BTA.
Bulgarian Development Bank’s Long-term Issuer Rating is equalized with the Bulgarian sovereign rating (BBB/ Positive) to reflect a high probability of support from the Bulgarian sovereign, in case of need. The strong incentive to support the Bulgarian Development Bank is mainly driven by the state’s almost full ownership of the bank and material funding from or guaranteed by the state, Fitch Ratings further informs.
Cooperation between Bulgaria and China in the field of agriculture and food is very active and is constantly expanding. This was stated at a meeting in Sofia between Deputy Minister of Agriculture and Food Lozana Vasileva and Wan Lejun, Chief Animal..
Bulgaria is making good progress toward joining the Eurozone, as inflation is decreasing towards the threshold set by the criteria, European Bank for Reconstruction and Development President Odile Renaud-Basso said in an interview with BTA. The..
Bulgaria's Ministry of Transport has been working for years to develop Corridor No. 8, connecting the Adriatic with the Black Sea through Albania, North Macedonia and Bulgaria. Of the 1,220 km of railway line along the corridor, 747 km are on the..
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