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.
A forum entitled "Career and Life - Why in Bulgaria?", organized by the Bulgaria Wants You platform, was held at the Royal Geographical Society in London on October 20. The event, which took place for the second time, attracted significant..
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the Finance Ministry said. The positive outlook reflects the country's prospects for eurozone..
In 2023, Bulgaria's GDP growth was 1.9% higher in real terms compared to 2022. This is 0.1 percent more than the initially announced growth of 1.8%, the National Statistical Institute has reported. The chairman of the institute,..
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