16 Mar 2023

The international rating agency "Standard and Poor's" has reaffirmed the long-term credit rating "BBB-" of the Municipality of Stara Zagora

The outlook remains stable, thanks to the municipality's policy of low direct debt and reasonable levels of liquidity, thus offsetting revenue volatility. It is also expected that the city administration will continue to uphold its commitment to budget discipline and the next local elections during the year, since this is precisely how the city's debt has been kept relatively low in national and international terms. The forecast of the analysts is that the rate of economic growth of Stara Zagora will be similar to that of the Bulgarian economy and will continue to be significantly influenced by the financing of EU funds. The city will continue to achieve operating budget surpluses, thanks to increased transfers from the central budget, as well as higher tax collections.

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