Fitch Confirms Bulgaria’s BBB Rating, Boosting Eurozone Hopes

Fitch Ratings has confirmed Bulgaria's long-term credit rating at BBB with a positive outlook. The agency highlighted that the rating is bolstered by the country’s robust external and fiscal position when compared to similarly rated nations, as well as the stable political framework provided by EU membership and the enduring currency board regime.

However, Fitch pointed out that low labor productivity and adverse demographic trends negatively impact potential growth and the long-term stability of government finances....