Borissov: Moody’s raises Bulgaria’s long-term rating

Moody’s raised Bulgaria’s long-term local and foreign currency rating from Baa1 with a stable outlook. One of the main reasons for the higher rating is Bulgaria’s progress to join the euro zone and the successful reforms, “Prime Minister Boyko Borissov wrote on his Facebook account.

“International experts report an improvement in Bulgaria’s debt profile, a reliable currency board, and good budgetary policy. Moody’s stable outlook tells that the next government will maintain a prudent fiscal policy with a balanced government budget,” he wrote. Prime Minister.

“During the last two months, this is the second authorized international agency that gives a positive evaluation of Bulgaria. And at a time when the economies of all the countries of the world are suffering from the pandemic. Another international recognition of our fiscal policy obliges us to complete our work and not allow course deviations, “added Borissov.