Text size

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

published on 11/28/20 10:54 AM

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!

Radio Bulgaria Economy credit rating economic forecast economic recovery economy GDP rating agency S&amp;amp;amp;amp;amp;P

More from category

Bulgaria's first state budget in euros – between two readings in the National Assembly and a wave of dissatisfaction

The draft state budget was adopted in first reading by the National Assembly on November 21. However, the planned changes in the financial framework for 2026 triggered an open clash between the ruling coalition, led by GERB party, and the opposition..

published on 11/24/25 2:25 PM

KBC Group raises its forecast for Bulgaria's economic growth in 2026

KBC Group expects the Bulgarian economy to grow slightly more next year in comparison to its previous forecasts, according to the conclusions of the Belgian financial group's latest assessments of the economies of Central and Eastern..

published on 11/20/25 8:50 AM

BNB: Bulgaria posts strong FDI inflows from Netherlands, Italy, Greece; outflows led by U.S.

Foreign direct investment (FDI) in Bulgaria posted the largest net inflows from the Netherlands, Italy and Greece in the first half of 2025, the Bulgarian National Bank (BNB) said. Net FDI inflows totalled €554.9 million from the Netherlands, €325.2..

published on 11/19/25 5:41 PM