Fitch and S&P raise their outlook for Bulgaria from stable to positive, according to statements from the two credit rating agencies. Both site solid credit metrics and current account improvement as key action rationale. They stress the considerable deleveraging on the economy yet expect further action from financial regulators to manage non-performing loan levels. Strong export driven economic performance further supports the agencies views expecting stronger domestic demand to increase its contribution in 2017.
Fitch expects Bulgaria's economy to grow 3% in 2017-18, in line with the five-year median growth of its 'BBB' peers, while S&P expects 3% growth in 2017 and 2.8% rise in 2018-19.
Fitch expects Bulgaria's economy to grow 3% in 2017-18, in line with the five-year median growth of its 'BBB' peers, while S&P expects 3% growth in 2017 and 2.8% rise in 2018-19.
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