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S&P changes Bulgaria to positive
S&P said it revised its outlook on Bulgaria to positive from stable.
At the same time, the agency affirmed the BBB-/A-3 long- and short-term foreign and local currency sovereign credit ratings on Bulgaria.
S&P said the revision signifies that the authorities have successfully improved domestic financial conditions and have strengthened their fiscal and external buffers.
“We expect strong growth to continue this year, on the back of expanding domestic demand, exports and supportive credit conditions,” the agency said in a news release.
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