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Standard&Poor Global Ratings upgrades Sofia's credit rating

The international agency S&P Global Ratings has upgraded Sofia's credit rating from “BBB-” to “BBB” with a positive outlook. According to the analysis of the agency, after the local elections in Sofia, there is a continuity in the management of Sofia that will ensure the continuation of the financial stability and high liquidity of the Sofia Municipality. The rise in the credit rating of Bulgaria’s capital city comes only several days after S&P Global Ratings upgraded Bulgaria's credit rating.




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