Moody’s Reviews Bulgaria Ratings For Possible Upgrade

Moody’s Investors Service said it has placed Bulgaria’s government rating on review for possible upgrade, reflecting its healthy government finances and ongoing improvements in institutional strength. The outlook had been positive since January 2010. The move comes thanks to the government’s strong balance sheet, a prudent budget reserve and expectations it will bring its deficit below the European Union’s 3 percent limit.

Source: Sofia News Agency – novite.com; 05.04.2011

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