S&P changes Bulgaria’s outlook

Ratings

Photo by Gil C / Shutterstock.com

S&P Global Ratings has revised Bulgaria’s sovereign credit rating outlook to stable from positive and affirmed the debt grade at "BBB", according to a press statement put out by the agency. 

Photo by Gil C / Shutterstock.com

S&P Global cited a significant deterioration of growth prospects for Bulgaria and other economies in 2020, mainly related to measures to contain the COVID-19 pandemic, as the main reason behind the change.

Moody’s credit rating for Bulgaria was last set at "Baa2" with a positive outlook. Fitch’s credit rating for Bulgaria was last reported at "BBB" with a stable outlook. 

ADVERTISEMENT

Wizz Air issues EUR 500 mln bond Transport

Wizz Air issues EUR 500 mln bond

1,438 new COVID-19 cases registered in Hungary Figures

1,438 new COVID-19 cases registered in Hungary

Gov't to roll out PIT exemption for Hungarians under 25 Government

Gov't to roll out PIT exemption for Hungarians under 25

Tourism nights down 85% y.o.y. in November 2020 Tourism

Tourism nights down 85% y.o.y. in November 2020

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.