Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Fitch affirms Bulgaria’s credit rating at “BBB”

Photo: EPA/BGNES

Fitch Ratings has revised the outlook on Bulgaria's long-term foreign-currency issuer default rating (IDR) to stable from positive and affirmed the rating at “BBB”, because of the coronavirus pandemic.

This is the rating agency’s first evaluation since the beginning of the pandemic. According to Fitch, this year Bulgaria’s GDP will drop from 3.2 % to minus 5.1 %, but will recover next year to reach an increase of 4.2%.



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

Warning of hazardous precipitation across Bulgaria

On Saturday, the lowest temperatures will be between 14 and 19°C; in Sofia - about 16°C. In the western regions, the highest temperature will be 19-20°C, while in the eastern regions of the country the temperature will reach up to..

published on 10/4/24 6:55 PM

EU's court lifts requirement for trucks to return to operational centre every two months

The Court of Justice of the EU has overturned part of European legislation requiring trucks for international transport to return every two months to the carrier's base. With its decision, the institution confirmed all other..

published on 10/4/24 4:31 PM
Dimitar Glavchev

Dimitar Glavchev: There is potential danger of a migrant wave

There is a potential danger of a wave of migrants, caretaker Prime Minister Dimitar Glavchev said at a briefing after the meeting of the Consultative Council on National Security , at which the risks to this country stemming from the..

published on 10/4/24 3:09 PM