Journey.bg - Българският туристически портал
Русская версия Българска версия
Новини от бранша
Search


Subscribe

S&P Confirms Bulgaria Rating at BBB+

Date: 28.11.2007

Global credit ratings agency Standard&Poor's confirmed on Monday the long-term foreign currency rating of Bulgaria at BBB+ with a stable outlook, the country's finance ministry said.

The rating reflects Bulgaria's fiscal policies, continued reduction of foreign debt and the stable outlook for growth in the medium term.

Despite being on track to record a current account gap of 20% of gross domestic product (GDP), Bulgaria's deficit is covered by net foreign direct investment, the agency noted.

The country still has to improve the flexibility of its labour market, but the tight fiscal policies, and the stable outlook on inflation and external imbalances are behind the confirmed investment grade rating, the ministry said in a statement.

Total views: 2 rating: 0.67
traveller's forum
No opinions






We've tried to make the information on this web site as accurate as possible, but it is provided 'as is' and we accept no responsibility for any loss, injury or inconvenience sustained by anyone resulting from this information. You should verify critical information (like visas, health and safety, customs and transportation) with the relevant authorities before you travel.


Journey Bulgaria | News | S&P Confirms Bulgaria Rating at BBB+
© 2000-2017 Journey.bg. All rights reserved.