December 1, 2017 / 11:35 PM / 7 months ago

BRIEF-S&P Raises Bulgaria’S Sovereign Credit Rating To BBB- From BB+; Lowers Outlook To Stable

Dec 1 (Reuters) - S&P Global Ratings:

* S&P RAISES BULGARIA’S SOVEREIGN CREDIT RATING TO BBB- FROM BB+; LOWERS OUTLOOK TO STABLE FROM POSITIVE‍​

* S&P - STABLE OUTLOOK ON BULGARIA BALANCES IMPROVING GROWTH PROSPECTS, TRACK RECORD OF CONSERVATIVE FISCAL POLICY AGAINST POTENTIAL RE-EMERGENCE OF POLITICAL INSTABILITY‍​

* S&P- RATING UPGRADE REFLECTS BULGARIA'S IMPROVING EXTERNAL METRICS, UNDERPINNED BY A MULTIYEAR EXPANSION OF EXPORTS, AMID A RISE IN DOMESTIC SAVINGS Source text: (bit.ly/2AMPabr)

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