Fitch affirms Bulgaria’s credit rating despite political insecurity

Fitch Ratings has affirmed Bulgaria’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-‘, with Stable Outlooks. This was released by Fitch on 2nd December 2016 despite ongoing political insecurity in the country with a government in resignation. The issue ratings on Bulgaria’s senior unsecured foreign and local currency bonds have also been… Read more


Bulgarian Government resigned after GERB candidate loss in President Elections

Prime Minister Boyko Borisov’s Government resignation has been approved on Wednesday, Nov16th 2016, by the Parliament. The Government resigned after leading GERB party was second in last week presidential elections. Socialists-backed Rumen Radev won the elections on populist campaign. GERB candidate Tsetska Tsacheva came second which led PM Borisov to resign due to loss of… Read more