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

S&P affirms Bulgaria's BBB rating with a stable outlook

Photo: BGNES

The international rating agency Standard & Poor's Global Ratings has confirmed the long-term and short-term credit rating of Bulgaria in foreign and local currency 'BBB/A-2'. This was announced by the Bulgarian Ministry of Finance. 

The outlook for Bulgaria's rating, according to S&P, remains stable. There is an improvement in expectations for the development of the Bulgarian economy, as domestic demand is more resilient to the impact of the pandemic than the agency's preliminary estimates. The decline in GDP in 2020 has been revised to -4.5%, compared to -6.5% set in the May S&P forecast.

The stable outlook reflects the agency's expectations for a rapid recovery of the Bulgarian economy after the pandemic, with no imbalances in the foreign and financial sectors over the next two years.



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

Germany remains Bulgaria's largest foreign trade partner

Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of the German-Bulgarian Chamber of Industry and Commerce.  At a ceremony held at the University of..

published on 1/31/25 9:32 AM
Bulgarian National Bank building

Bulgarian National Bank expects Bulgaria to meet price stability requirement for entering the Eurozone

Bulgaria can meet the convergence criterion for price stability, needed for entering the Eurozone, in January 2025 and continue to meet it throughout the rest of the year, the Bulgarian National Bank (BNB) states in its macroeconomic outlook,..

published on 1/29/25 1:16 PM
Delyan Peevski

Two opposition parties call on the state to acquire Lukoil

"The state should buy Lukoil. Then it can look for partners if it wants. If it wants to operate it on its own, that’s fine too. Bulgarians should have cheap fuel", the leader of DPS-New Begining Delyan Peevski told journalists in parliament...

published on 1/29/25 11:58 AM