Moody's Changes Bulgaria's Ratings Outlook To Stable From Positive

The outlooks on the A1 country ceiling for foreign currency debt and the Baa3 country ceiling for foreign currency deposits were also decreased to stable from positive, Moody’s said in a statement.

External imbalances, combined with the growing prospect of a sharp slowdown in economic growth next year in the context of the spreading global credit crunch are deteriorating chances for an upgrade, it added.