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Standart & Poors prepares new credit rating for Sofia

Date: 18.12.2005

Sofia mayor General Boyko Borissov met Friday with representatives of the rating agency Standart & Poors.

The aim of the visit was to gain information for the new credit rating of Bulgaria's capital city. At present Sofia boasts "ВВ" stable perspective.

The experts will receive information on the relations between the local authorities, the expected reforms in the employment sphere, the administrative structure, number of employed, salaries increase, consumer prices, foreign and local investments in Sofia and the perspectives for 2005-2007.

The report prepared by Sofia municipality includes also information on the number of people living in the capital, the structure of the city economy, a list with the top ten employers in the municipality and other useful information.

A list with investment projects has also been added to the report.

Standard & Poor's is one of the world's preeminent providers of credit ratings, and for such globally recognized financial-market indices.

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