Bulgarian Development Bank with a positive long-term outlook of Fitch
25-05-2011 16:34:00
The international rating agency “Fitch Ratings” raised the outlook of the credit rating of Bulgarian Development Bank (BDB) from negative to positive.
So the rating of BDB becomes 'BBB -' with a positive outlook on long-term credit rating, short-term rating "F3", individual rating "D" and support rating "2".
During the assessment of the current credit rating of the Bank, the appraisers by Fitch Ratings reported prospects for development of the financial institution. The country rating of Bulgaria "BBB -", principal of BDB, has been taken into consideration as well as the change of the outlook of the country from negative to positive, as the decision reflects the declining debt levels and recovery of the economy.
