Bulgaria Credit Ratings & Outlooks

Paese
Moody's
S&P
Fitch
DBRS
Scope Ratings
Bulgaria
Baa1
Stable
BBB+
Stable
BBB+
Stable
BBB (high)
Stable
A-
Stable

Storico del rating sul credito

Paese
Date of Change
Agenzie di rating
Rating precedente
Outlook precedente
Rating attuale
Current Outlook
Bulgaria
lug 11, 2025Scope RatingsBBB+PositiveA-Stable
Bulgaria
lug 10, 2025S&PBBBPositiveBBB+Stable
Bulgaria
lug 10, 2025FitchBBBPositiveBBB+Stable
Bulgaria
mag 02, 2025DBRSNRBBB (high)Stable
Bulgaria
nov 24, 2023S&PBBBStableBBBPositive
Bulgaria
lug 21, 2023Scope RatingsBBB+StableBBB+Positive
Bulgaria
feb 19, 2021FitchBBBStableBBBPositive
Bulgaria
ott 09, 2020Moody'sBaa2PositiveBaa1Stable
Bulgaria
mag 29, 2020S&PBBBPositiveBBBStable
Bulgaria
apr 24, 2020FitchBBBPositiveBBBStable
Bulgaria
nov 29, 2019S&PBBB-PositiveBBBPositive
Bulgaria
ago 30, 2019Moody'sBaa2StableBaa2Positive
Bulgaria
mar 22, 2019FitchBBBStableBBBPositive
Bulgaria
feb 22, 2019Scope RatingsBBBPositiveBBB+Stable
Bulgaria
giu 01, 2018S&PBBB-StableBBB-Positive
Bulgaria
apr 27, 2018Scope RatingsBBBStableBBBPositive
Bulgaria
dic 01, 2017S&PBB+PositiveBBB-Stable
Bulgaria
dic 01, 2017FitchBBB-PositiveBBBStable
Bulgaria
nov 03, 2017Scope RatingsNRBBBStable
Bulgaria
giu 02, 2017S&PBB+StableBB+Positive

Legenda della tabella

VotoMoody'sS&PFitchDBRSScope Ratings
Ottimo
Aaa
AAA
AAA
AAA
AAA
Voto elevato
Aa1
AA+
AA+
AA (high)
AA+
Aa2
AA
AA
AA
AA
Aa3
AA-
AA-
AA (low)
AA-
Voto medio alto
A1
A+
A+
A (high)
A+
A2
A
A
A
A
A3
A-
A-
A (low)
A-
Voto medio-basso
Baa1
BBB+
BBB+
BBB (high)
BBB+
Baa2
BBB
BBB
BBB
BBB
Baa3
BBB-
BBB-
BBB (low)
BBB-
Speculativo non adatto come investimento
Ba1
BB+
BB+
BB (high)
BB+
Ba2
BB
BB
BB
BB
Ba3
BB-
BB-
BB (low)
BB-
Highly Speculative Grade
B1
B+
B+
B (high)
B+
B2
B
B
B
B
B3
B-
B-
B (low)
B-
Substantial Risk Grade
Caa1
CCC+
CCC+
CCC
Caa2
CCC
CCC
CCC
CCC
Caa3
CCC-
CCC-
CCC
Extremely Speculative Grade
Ca
CC
CC
CCC
CC
C
CCC
C
In default con scarse prospettive di ripresa
CD
RD
RD
In default
SD
SD
C
D
D
D
D
DD
DD
DDD
DDD
Non classificato.
NR
NR
NR
NR
NR
FAQ
Bulgaria’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Bulgaria’s credit risk.
This page lists the latest rating and outlook actions for Bulgaria, showing when each agency last reviewed or changed its assessment.
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Bulgaria's bond yields, currency, and equity flows as investors reassess risk.
You can explore how Bulgaria ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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