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Standard & Poor's confirms Bulgaria's rating and positive outlook

published on 5/25/24 10:50 AM

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The international rating agency Standard & Poor's (S&P Global Ratings) has affirmed Bulgaria's 'BBB/A-2' long-term and short-term foreign and local currency sovereign credit ratings. The rating outlook remains positive.

If a stable government is formed immediately after the elections on 9 June this year and a prolonged period of instability similar to the one between 2021 and 2023 is avoided, the agency does not expect a significant delay in the country's accession to the euro area. Even if we do not introduce the euro in 2025, this will most likely happen no later than 1 January 2026, S&P Global Ratings predicts.

According to the agency, the Bulgarian economy has strong growth prospects over the next few years. Real GDP growth is forecast to average just under 3% in 2025-2027.

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Radio Bulgaria Economy credit rating GDP growth Standard & Poor's

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Standard & Poor's confirms Bulgaria's rating and positive outlook

More from category

Bulgaria's wine sector sees poor grape harvest amidst growing investment interest

Before the introduction of the euro, companies and citizens are rapidly depositing money into banks

Bulgaria reports 0.1% monthly inflation for August

Before the introduction of the euro, companies and citizens are rapidly depositing money into banks

Bulgaria's wine sector sees poor grape harvest amidst growing investment interest