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S&P Warns of Bulgaria's Rising Deficit and Widening External Imbalances
S&P Global Ratings has maintained Bulgaria's long-term and short-term sovereign credit ratings at 'BBB+/A-2' but revised the outlook on its long-term rating to "stable," citing deteriorating fiscal and external economic indicators.
The international rating agency has increased its projection for Bulgaria's budget deficit this year to 5.1% of gross domestic product (GDP), while expecting it to gradually decline to 3....
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