15.07.2025 Fitch Ratings has upgraded the long-term credit rating of BDB to 'BBB+'

The international rating agency Fitch has upgraded the long-term credit rating of the Bulgarian Development Bank from BBB to BBB+ with a stable outlook. This level is in line with the agency's rating for the Republic of Bulgaria following its decision to join the euro zone, demonstrating confidence in both the country's financial stability and in the state-owned bank.

The Bank's short-term rating has also been upgraded from 'F2' to 'F1', as has the government's support rating for the bank.

Fitch recognises the fact that BDB plays a significant role in implementing policies to support the country's economic development. A significant part of the bank's financing comes from the public sector and international development institutions, confirming its role as a stable and reliable partner.

"Fitch Ratings' assessment is a recognition of the consistent efforts of the bank's team to establish BDB as a sustainable institution and a driver of public policy development," said Delyana Ivanova, Chairman of the bank's Supervisory Board.

The Bulgarian Development Bank is a lending institution 100% owned by the Bulgarian state. With its new strategy, it contributes to the economic growth and sustainable investments in support of small and medium-sized businesses, the public sector and in the implementation of national policies.

July 15, 2025