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Standard & Poor’s Affirms Sofia’s Long Term Rating of BB+, Outlook Is Stable

Sofia-rating-BB-stable

Sofia-rating-BB-stableStandard & Poor’s has reaffirmed Sofia’s long term credit rating – BB+ with a stable outlook. The credit rating of Bulgaria is also BB+. As a rule, no municipality can have a credit rating higher than that of the country. The rating agency takes into account the measures aimed at stabilizing the municipal companies, the financial stability, financial results, high liquidity as well as Sofia’s large-scale capital programme. The capital program 2017 is BGN 435 million – that is 35 million more than the previous year. The amount includes funds under EU programmes.

The affirmation of the BB+ rating is a prerequisite for attracting investments to the city.

To present new investment opportunities in the capital, Sofia Investment Agency organized a meeting with commercial attaches, bilateral chambers and economic affairs counselors on March 10th. The Agency presented latest data about the investment climate in Sofia and several projects for new investors – the construction plans for North Park and West Park, the restoration projects for the old baths – Gorna Banya and Ovcha kupel and a project Chepintsi, 8 km from the city centre.

The Agency presented  Investment Promotion Certificate Class C and a list of municipal properties scheduled for privatization as part of the Annual Municipal Privatization Plan 2017. The full presentation is published on our website (Links to ppt or maps and full lists)

In case you need more details on any of the listed investment projects, please contact nadia.soultanova@investsofia.com

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