site.bta S&P Global Ratings Confirms BBB Long-term Credit rating of Sofia

The international rating agency S & P Global Ratings confirmed the long-term credit rating of Sofia - BBB with a stable outlook, which is equal to the rating of Bulgaria, said on his Facebook page Deputy Mayor for Finance Doncho Barbalov.

Despite the pandemic,the Bulgarian capital continues to have more stable economic indicators than the national average, good liquidity, diversified local economy and low unemployment. Among the reasons for S&P to confirm the forecast for the development of the city is the financial discipline observed by the team of Sofia Mayor Yordanka Fandakova, Barbalov pointed out.