site.btaFitch Ratings Upgrades Bulgarian Development Bank's Rating to BBB+

Fitch Ratings Upgrades Bulgarian Development Bank's Rating to BBB+
Fitch Ratings Upgrades Bulgarian Development Bank's Rating to BBB+
Signage for Fitch Ratings, New York (AP Photo/Henny Ray Abrams, File)

Fitch Ratings has upgraded Bulgarian Development Bank's (BDB) long-term issuer default rating (IDR) from BBB to BBB+, the credit rating agency reported on Monday. The outlook on the long-term IDRs is good.

The rating actions follow the upgrade of the Bulgarian sovereign rating.

The BDB's short-term IDR has been upgraded from F2 to F1.

Delyana Ivanova, Chair of the BDB Supervisory Board, said that Fitch Ratings' assessment is in recognition of the consistent efforts of the Bank's team to establish the Bank as a sustainable institution and driver of public policy development.

/DS/

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By 15:06 on 16.07.2025 Today`s news

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