Fitch confirms BBB rating for BDB with a positive outlook

International rating agency Fitch Ratings has confirmed the Bulgarian Development Bank’s long-term credit rating as BBB with a positive outlook. The Bank's rating is equivalent to the rating for the Republic of Bulgaria and is essentially the highest possible rating for the national development bank.

The rating is based on BDB's strong capital position, high probability and availability of fiscal space for support from the owner – the Bulgarian state, stable funding from international financial institutions, deposits from the state, state-owned entities and enterprises, as well as maintained high liquidity.