balkan insight
25 May 2011 / 14:39
25 May 2011 / 14:39
Global rating agency Fitch has revised its outlook for Bulgaria to positive from negative, citing a reduction in the country's debt and recovery of the economy.
Sofia Echo
Should debt decline further and local banks display clearer evidence of stabilisation, the agency could upgrade its ratings, the analysts said.
Fitch lists Bulgaria's foreign and local currency ratings at BBB- and BBB, one and two steps above junk rating.
http://www.balkaninsight.com/en/article/fitch-upgrades-bulgaria-rating
read more: balkan insightSofia Echo
Should debt decline further and local banks display clearer evidence of stabilisation, the agency could upgrade its ratings, the analysts said.
Fitch lists Bulgaria's foreign and local currency ratings at BBB- and BBB, one and two steps above junk rating.
http://www.balkaninsight.com/en/article/fitch-upgrades-bulgaria-rating
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