Bulgaria Outlook Revised To Positive On Improving Monetary Conditions; 'BBB-/A-3' Ratings Affirmed

OVERVIEW We expect strong growth to continue this year, on the back of expanding domestic demand, exports, and supportive credit conditions. Net general government debt is forecast to decline in absolute terms during 2018, for the fourth consecutive year. External leverage is low and the current account remains in surplus. We are therefore revising our outlook on Bulgaria to positive from stable and affirming our 'BBB-/A-3' long- and short-term sovereign credit ratings. RATING ACTION On June 1, 2018, S&P Global Ratings revised its outlook on Bulgaria to positive from stable. At the same time, we affirmed our 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Bulgaria. OUTLOOK The outlook revision signifies that the authorities have successfully

...OVERVIEW + We expect strong growth to continue this year, on the back of expanding domestic demand, exports, and supportive credit conditions. + Net general government debt is forecast to decline in absolute terms during 2018, for the fourth consecutive year. + External leverage is low and the current account remains in surplus. + We are therefore revising our outlook on Bulgaria to positive from stable and affirming our '###-/A-3' long- and short-term sovereign credit ratings. RATING ACTION On June 1, 2018, S&P Global Ratings revised its outlook on Bulgaria to positive from stable. At the same time, we affirmed our '###-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Bulgaria. OUTLOOK The outlook revision signifies that the authorities have successfully improved...

Ratings Action