...Outlook Revised to Positive: Fitch Ratings has revised the Outlook on Bulgaria's Long-Term Issuer Default Ratings (IDRs) to Positive from Stable and affirmed the IDRs. The Outlook revision reflects the reduction in political uncertainty following April's general elections, which led to the formation of a single-party majority government and is likely to have ended a prolonged period of unstable coalition governments. Improved Political Stability: Political uncertainty has eased following the April general elections, which led to the formation of a single-party, majority government for the first time in more than two decades. This has ended a lengthy period of eight general elections in the previous five years that weakened Bulgaria's institutional capacity, hindered reform implementation and contributed to the build-up of fiscal and macroeconomic imbalances. Resilient, High Growth: Economic growth has been close to 3% since 2024, despite the various exogenous shocks and subdued EU growth...
