Fitch affirms BDB's long-term credit rating

The international rating agency Fitch has affirmed the Bulgarian Development Bank's long-term credit rating at BBB, Outlook Positive.

The rating shows the possibility of support from the Bulgarian state, the positive financial result, the strong capital position, and the bank's increasing role in financing public policies.

According to the rating agency, BDB's role as a development bank has been underdeveloped so far. With the newly adopted 2024-2026 business strategy, the bank is expected to expand its financial support to the public sector and priority sectors of the national economy in addition to its support to small and medium enterprises, which has grown significantly since 2021.