Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Sofia's long-term credit rating remains stable

Photo: Boris Dimitrov

The international rating agency Standard & Poor's (S&P) has confirmed the stability of Sofia's long-term credit rating - BBB, which is equal to Bulgaria's rating, the Sofia Municipality announced. According to the agency, the national GDP per capita is lower than the Central European and other comparable countries, but on the other hand Sofia has a clear strategy to present itself as an investment zone and а digital capital. 

The capital continues to have more stable economic indicators than the national average, despite the crisis with the Covid-19 pandemic. Sofia's revenues balance the unpredictable financial framework in which Bulgarian cities operate. The diversified local economy, low unemployment and financial discipline give S&P reason to maintain its confidence and confirm the forecast for the development of the capital. 
Standard & Poor's expects unemployment in the city to remain below the national average. Sofia has a limited amount of debt and a stable liquidity position, thanks to the sustainable financial results and external co-financing of its investment program. 
Therefore, the Bulgarian capital is expected to continue to have stable revenues and expenditures in the normalization of the economy.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Animal cruelty to be punished more severely in Bulgaria

The Council of Ministers has approved and submitted to Parliament for debate amendments to the Criminal Code that increase the penalties for torturing animals and add new, more severe punishments if what is done is filmed for distribution.  If..

published on 4/16/25 5:59 PM

Cabinet seeks renegotiation of RRP, sends letter to EU Commission

The Bulgarian government today approved and submitted to the European Commission a request to amend the National Recovery and Resilience Plan. The renegotiation of the plan has been highlighted as a priority for the government of Rosen Zhelyazkov. The..

published on 4/16/25 5:28 PM

Belene NPP reactors could power data centres, says Boyko Borisov

Representatives of three of the world's leading investment funds, which have a strong interest in setting up large data centres in the country, have reached out to and held meetings with Bulgarian authorities, GERB leader Boyko Borissov told..

published on 4/16/25 5:15 PM