site.btaStandard & Poor's Revised Its Credit Rating for National Electric Company to Positive

The international rating agency Standard & Poor's (S&P)raised its outlook for the National Electric Company (NEK) from stable to positive and confirmed the long-term BB credit rating, NEK said. The improved outlook means that the company manages its funds and loans in a reliable and balanced manner, and represents another step forward after the agency raised NEK's rating from BB- to BB last year due to improved credit metrics.

Standard & Poor's expects that after the liberalization of the retail market in 2026, the company's profitability will improve and its indebtedness will decrease, which in turn could lead to an increase in the credit rating.

"Leading international rating agency S&P's improved outlook and expectation of credit rating improvement is an important success for the Bulgarian energy sector. This is the result of the consistent work and the State's strategic support. I am confident that this success will contribute to sustainability and development of our energy system", commented on Thursday caretaker Energy Minister Vladimir Malinov, quoted by the NEK press centre.