site.btaFitch Affirms Bulgarian Development Bank at "BBB", Outlook Positive

Fitch Ratings has affirmed the long-term credit rating of the Bulgarian Development Bank (BDB) at "BBB", Outlook Positive.

This is practically the highest possible rating for BDB. It reflects the possibility for support from the Bulgarian government, the bank's positive financial result, its strong capital position and its increasing role in financing public policies, BDB said.

According to Fitch, BDB's role as a development bank was not developed well until recently. After the adoption of its strategy for 2024-2026, the bank is expected to expand its support for the public sector and for segments of priority importance for the national economy in addition to aiding small and medium-sized enterprises, which has marked considerable growth since 2021.

Fitch has affirmed BDB at "BBB", Outlook Positive, for a few years now.