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Fitch Ratings affirms Bulgaria’s credit rating with stable outlook

Photo: EPA/BGNES

Fitch Ratings agency has affirmed Bulgaria’s long-term Foreign Currency Issuer Default Rating at BBB- and Local Currency Issuer Default Rating at BBB with stable outlook, Bulgaria's Ministry of Finance informs. Fitch estimates that Bulgaria’s GDP would grow with 2.1% in 2016. In 2015 that country's economy grew with 3%. The forecasted slowdown of the economy will be due to lower EU funds absorption. Net exports will be the main engine of economic growth this year.




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