Bulletin: Bulgaria's Third Election Of The Year Isn't Likely To Have A Credit Impact Anytime Soon

FRANKFURT (S&P Global Ratings) Sept. 20, 2021--S&P Global Ratings today said that Bulgaria's recently announced general election--the third this year--isn't likely to make a meaningful difference to the country's creditworthiness in the near term, and possibly even in the long term. Last week, President Ruman Radev dissolved the parliament formed after the July elections and following several failed attempts to produce a viable government. The next general election, likely to be held Nov. 14, will represent the third this year (the first one was in April). The political deadlock follows rising political fragmentation and domestic political contention in Bulgaria in the form of three new parties entering parliament in 2021 after a period of prolonged anti-government protests last year. This

...FRANKFURT (S&P Global Ratings) Sept. 20, 2021--S&P Global Ratings today said that Bulgaria's recently announced general election--the third this year--isn't likely to make a meaningful difference to the country's creditworthiness in the near term, and possibly even in the long term. Last week, President Ruman Radev dissolved the parliament formed after the July elections and following several failed attempts to produce a viable government. The next general election, likely to be held Nov. 14, will represent the third this year (the first one was in April). The political deadlock follows rising political fragmentation and domestic political contention in Bulgaria in the form of three new parties entering parliament in 2021 after a period of prolonged anti-government protests last year. This has made government formation significantly more challenging. We have observed increasing political fragmentation in many Central and Eastern European countries, but Bulgaria's political fragmentation...

Bulletin