Fitch changes Bulgaria view

Fitch Ratings said it revised the outlook on Bulgaria's long-term foreign currency issuer default rating to positive from stable and affirmed the issuer default rating at BBB.

The revision of the outlook reflects that Bulgaria's external finance metrics continue to improve and outperform the majority of its BBB peers, Fitch said.

The current account surplus was an estimated 4.5% of GDP in 2018, well above previous estimates and helped by a rising services surplus, the agency noted.

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