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Moody’s: Turmoils In Bulgaria Will Not Affect Fiscal Stability
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Published: July 4, 2013; 12:24 ♦ (Vindobona)
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According to rating agency Moody's, the ongoing political turmoil in Bulgaria is not expected to negatively affect the country's fiscal stability.
Moody’s: Turmoils In Bulgaria Will Not Affect Fiscal Stability / Picture: © Moody's Investors Service, Inc. - Annual Report 2013
In a report published on Wednesday, Moody's evaluates Bulgaria's institutional and economic strengths as 'moderate', while financial affairs are rated of 'high' strength.
The agency takes the continuing street rallies in consideration, writing: "The electorate has become increasingly disgruntled with austerity measures, and voter disenchantment has been expressed through street…
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