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Burgas was rated “BBB” today

Submitted on Wednesday, 17 September 2008One Comment

The Municipality of Burgas received a BBB credit rating. It was said by Hristo Mihailovski on a special news conference today. Mr. Mihailovski is a president of the Bulgarian Credit Rating Association.

The BBB rating means that the municipality of Burgas will have better access to financial resources and will use it cheaper.

The high BBB rating means that it will be a good place for the investors to invest their money.

This rating is a great index for the municipality of Burgas. In comparison to Burgas, the credit ratings of Sofia and Varna are “BB-“.

“There is no unemployment in Burgas anymore” The mayor of Bulgaria’s Burgas said.

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One Comment »

  • Victor said:

    Did anyone care to mention Bourgas’ BBB rating by BCRA is a “national” rating and therefore uncomparable to the “international” credit ratings of Sofia and Varna, as wrongly concluded in the penultimate paragraph?

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