site.btaPrime Minister Sees Bulgaria’s Credit Rating Upgrade as Very Positive Signal to Creditors and Investors

The upgrade of Bulgaria’s credit rating by Fitch Ratings and S&P Global Ratings “is very positive in terms of the trust it signals to international creditors and investors, as well as to everyone observing the financial and political processes in Bulgaria," Prime Minister Rosen Zhelyazkov commented from Rome on Friday.

The Ministry of Finance announced earlier in the day that the two international credit rating agencies have each raised Bulgaria’s long-term foreign currency credit rating by one notch to 'BBB+' with a stable outlook. This is the highest level within the upper-medium investment-grade category, the ministry noted. According to both agencies, the key factor behind the rating upgrade is the official decision by the Council of the European Union confirming Bulgaria’s accession to the eurozone, effective January 1, 2026.

According to Zhelyazkov, Bulgaria's economy is open, which offers significant opportunities but also entails certain risks related to domestic businesses, local producers, and the labour market. "That is why these signals to investors are extremely important — they show that Bulgaria offers a much better outlook for economic development and investment, both in terms of security and regulation," the Prime Minister said.

He pointed out that the message from the international rating agencies is that Bulgaria is much better protected financially due to its affiliation with the currency union. Zhelyazkov also noted the need to be cautious about certain risks, one being the potential over-liberalization of financial discipline, and the other, political instability.

"We have the necessary parliamentary majority and support to continue with our ambitious governance," Zhelyazkov said. He also highlighted positive signals regarding the Recovery and Resilience Plan, which he described as a strong endorsement of the government’s work.