Fitch increases outlook for BDB’s rating

International rating agency Fitch confirmed the Bulgarian Development Bank’s long-term credit rating as BBB and increased its outlook from stable to positive.

The assessment followed the equivalent change to the perspective of Bulgaria’s credit rating that was increased on 19 February.

The positive outlook is an indicator of balance in the risks connected to the rating assessment.

One of the arguments for that outlook is the high probability for support of the bank by the sovereign – the Bulgarian state – and the funding secured or guaranteed by it.