Credit Rating Report

Morningstar DBRS Assigns BBB (high) Credit Rating to Republic of Bulgaria, Stable Trend

Sovereigns

Summary

DBRS Ratings GmbH (Morningstar DBRS) assigns Long-Term Foreign and Local Currency -- Issuer Ratings at BBB (high) to the Republic of Bulgaria. At the same time, Morningstar DBRS assigns Short-Term Foreign and Local Currency -- Issuer Ratings at R-1 (low). The trend on all ratings is Stable.

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