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Bulgaria (Republic of) Aug 11
Standard & Poors, Aug 2011
Abstract
Favorable economic growth prospects Political consensus favoring macroeconomic stability and supporting the country's currency board arrangement Solid budgetary performance, low government debt, and limited contingent liabilities Relatively low GDP per capita High external debt Slow progress on structural reforms to the health and education systems The ratings on the Republic of Bulgaria reflect Standard & Poor's Ratings Services' view of: the government's strong track record of appropriate fiscal policy and low gross debt, despite the severe recession; and the country's solid growth prospects in the medium term, particularly if they are backed by improving absorption of EU funds and other benefits stemming from EU membership. Somewhat offsetting these strengths are: relatively low GDP per capita; and large, albeit correcting, external...
Companies mentioned in this report are: Bulgaria (Republic of),Hungary,Romania,Latvia (Republic of),Croatia (Republic of),Lithuania (Republic of),Serbia (Republic of)
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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