Moody's Affirms Bulgaria's Baa2 Rating

Moody's Affirms Bulgaria's Baa2 Rating

International rating agency Moody's has confirmed Bulgaria's rating in terms of government securities - Baa2, noting a stable prospective developments.
The report has been published on the agency's official website.
Reportedly, the decision has been based upon the stable budget position, resilient economy, ''systematic overhaul and reform of the financial supervisory framework'' as well as a stable development in terms of the Currency Board Agreement.
Moody's reports that the efforts of Bulgarian government in terms of risk minimization have been sufficient.
The debt-to-GDP ratio marking a rate of 27,6% is a good figure compared to the overall performance across the EU. Additionally, the debt affordability ratio of 2%, which determines the amount of government interest payments is much lower than the median across all other EU member states.
''Despite external headwinds, deflation, and a KTB failure, Bulgaria's real growth in 2014 proved resilient, with a slight acceleration compared to 2013 (1.7% in 2014 from 1.1% in 2013) which was driven by higher consumption and investment,'' the report notes.
 
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.