Standard & Poor's Reaffirms Bulgaria's Credit Rating with Positive Outlook

The international rating agency Standard & Poor's has reaffirmed Bulgaria's long-term and short-term credit rating at 'BBB/A-2' in both foreign and local currency, maintaining a positive outlook.

According to the agency, the formation of a stable government shortly after the June elections will be crucial to avoiding a prolonged period of instability. If this is achieved, there should be no significant delay in Bulgaria's accession to the Eurozone....