Thanks to resilient growth and further tightening of fiscal policy, Bulgaria's credit rating outlook is positive according to Moody’s Investors Service.
Moody’s credit outlook analysts Kristin Lindow and Renzo Merino point out that the tight fiscal policy stance of the Bulgarian government led to the country having the only sovereign rating upgrade in the European Union since the global crisis began in 2007.
"Continued positive growth, as well as fiscal consolidation measures, will help Bulgaria remain one of the very few low debt countries in Europe", the analysts said.
In July of last year Bulgaria's rating was raised to Baa2. However, Moody's has now confirmed that it will most probably review its assessments of the Eurozone countries in the first quarter of 2012 due to the continuing lack of effective measures for tackling the debt crisis.
At the EU summit last week the member states agreed on setting up a tax and budget union but they failed to agree on the issuing of more Eurobonds. Moody's have pointed out that this is likely to have a continuing impact on the Eurozone countries.
Moody’s credit outlook analysts Kristin Lindow and Renzo Merino point out that the tight fiscal policy stance of the Bulgarian government led to the country having the only sovereign rating upgrade in the European Union since the global crisis began in 2007.
"Continued positive growth, as well as fiscal consolidation measures, will help Bulgaria remain one of the very few low debt countries in Europe", the analysts said.
In July of last year Bulgaria's rating was raised to Baa2. However, Moody's has now confirmed that it will most probably review its assessments of the Eurozone countries in the first quarter of 2012 due to the continuing lack of effective measures for tackling the debt crisis.
At the EU summit last week the member states agreed on setting up a tax and budget union but they failed to agree on the issuing of more Eurobonds. Moody's have pointed out that this is likely to have a continuing impact on the Eurozone countries.
Related articles:
More Positive Economic News - 6% Q4 Growth Forecas
More Positive News in Bulgaria's Retail Property Sector
More Positive Economic News - Airport Passengers Climb
More Positive Economic News - Car Sales Rocket
Read more on our websites ...
MovetoBG.com - and Twitter @MovetoBG
Bulgaria Gateway - and Twitter @BulgariaGateway
Property Partners BG - and Twitter @PropertyPtnrsBG - or on Facebook
MakeYourMoneyGoFurther - and Twitter @MoneyGo Further - or on Facebook
