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” A credit rating costs money. Moody`s is a company whose analysis pays for itself. This rating is measured when a country wants to assume a new credit debt. If you remember, our country soon increased its limit. The goal may be a new loan. We can’t help but wonder if that’s why this new rating was ordered. One of the possibilities is that the anonymous guarantor of the rating expects our country to issue new bonds. “This was stated by economist Plamen Danailov on the program” Sincerely with Luba Kulezic “, which is broadcast on Eurocom TV. He commented on the issue of the credit rating of our country, which the Prime Minister of Bulgaria Boyko Borisov together with the Minister of Finance Kiril Ananiev discussed sitting on stumps in the Rhodopes.
“The important question is what does raising the credit rating mean and does this rating matter at all. If so, why are investors avoiding Bulgaria? Just one example: Greece has a lower credit rating, higher taxes, more high price of electricity, but Microsoft chose our neighbor, Turkey also has a lower rating, but Volkswagen chose them for their investment, Serbia and Romania also have a lower credit rating, but foreign investment is growing in them. important because they raise the level of education in the country and its well-being. In Romania, the minimum wage is 915 BGN “, explained the economist.
“We have not received an explanation as to why the loan limit our country can take has increased,” added Danailov.
“The rating is not eaten. This will not increase the economic prospects and the well-being of the nation as a whole. The matrices with which these agencies work do not take into account the levels of corruption and the functioning of the institutions in the countries”, added.
You can see the whole conversation with economist Plamen Danailov after 1:00:52 in the video:
Bulgaria
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