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“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 Eurozone and the reforms successfully implemented.” Prime Minister Boyko Borissov boasted in a Facebook post.
“International Experts Report Improving Bulgaria’s Debt Profile, Reliable Currency Board and Good Budgetary Policy”,
says the prime minister.
Moody’s improves Bulgaria’s credit rating
According to him, Moody’s stable outlook expects the next government to maintain a prudent fiscal policy with a balanced government budget.
Borissov recalls that 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 tax policy
it forces us to finish our work to the end and not drift off course, ”says the Prime Minister.
